Wedbush Brokers Reduce Earnings Estimates for Revolve Group, Inc. (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLVGet Rating) – Investment analysts at Wedbush cut their FY2022 earnings per share estimates for shares of Revolve Group in a research note issued on Tuesday, May 3rd. Wedbush analyst T. Nikic now expects that the company will earn $1.18 per share for the year, down from their prior estimate of $1.21.

A number of other research firms have also weighed in on RVLV. Cowen reduced their price objective on shares of Revolve Group from $65.00 to $52.00 in a research report on Wednesday. Robert W. Baird lowered their target price on shares of Revolve Group from $70.00 to $65.00 in a research note on Wednesday. Stifel Nicolaus began coverage on shares of Revolve Group in a research note on Tuesday, March 8th. They set a “buy” rating and a $51.00 price objective for the company. Zacks Investment Research cut shares of Revolve Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, William Blair reissued an “outperform” rating on shares of Revolve Group in a report on Wednesday, April 27th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $66.00.

Shares of NYSE:RVLV opened at $33.57 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. Revolve Group has a 12 month low of $32.93 and a 12 month high of $89.60. The company has a 50-day moving average price of $49.30 and a 200 day moving average price of $58.11. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.15 and a beta of 2.32.

Revolve Group (NYSE:RVLVGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Revolve Group had a net margin of 10.06% and a return on equity of 34.75%. The company had revenue of $283.50 million during the quarter, compared to the consensus estimate of $256.78 million. During the same quarter in the prior year, the firm posted $0.30 EPS. Revolve Group’s quarterly revenue was up 58.5% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its holdings in shares of Revolve Group by 109.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 41,741 shares of the company’s stock valued at $2,578,000 after purchasing an additional 21,832 shares in the last quarter. Swiss National Bank raised its position in Revolve Group by 8.4% during the third quarter. Swiss National Bank now owns 79,100 shares of the company’s stock worth $4,886,000 after acquiring an additional 6,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Revolve Group by 63.1% in the third quarter. Dimensional Fund Advisors LP now owns 303,092 shares of the company’s stock valued at $18,722,000 after purchasing an additional 117,304 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Revolve Group by 134.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock valued at $58,000 after purchasing an additional 670 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Revolve Group by 2.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 63,324 shares of the company’s stock worth $3,911,000 after purchasing an additional 1,715 shares in the last quarter. Institutional investors own 54.50% of the company’s stock.

In other news, major shareholder Mmmk Development, Inc. sold 33,202 shares of the company’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $52.19, for a total value of $1,732,812.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Mente sold 66,211 shares of the company’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $52.81, for a total transaction of $3,496,602.91. Following the completion of the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $6,495,630. The disclosure for this sale can be found here. Insiders have sold 359,785 shares of company stock worth $19,149,373 over the last 90 days. 51.12% of the stock is currently owned by company insiders.

Revolve Group Company Profile (Get Rating)

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

See Also

Earnings History and Estimates for Revolve Group (NYSE:RVLV)

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