Revolve Group (NYSE:RVLV) Shares Down 7% – Here’s Why

Revolve Group, Inc. (NYSE:RVLV)’s stock price fell 7% on Monday . The company traded as low as $31.10 and last traded at $31.38. 195,487 shares changed hands during trading, a decline of 53% from the average session volume of 414,455 shares. The stock had previously closed at $33.75.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RVLV. UBS Group raised their price target on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. TD Cowen lifted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler upped their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.93.

Revolve Group Stock Performance

The business has a fifty day moving average of $33.76 and a 200-day moving average of $25.88. The company has a market capitalization of $2.17 billion, a P/E ratio of 54.80, a PEG ratio of 2.34 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.04 earnings per share. Sell-side analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Revolve Group

In related news, CEO Michael Mente sold 62,441 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,496,600. This trade represents a 46.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the sale, the chief financial officer now owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This trade represents a 96.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 902,839 shares of company stock worth $29,112,870. Insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock valued at $10,867,000 after acquiring an additional 123,745 shares during the period. Marshall Wace LLP lifted its stake in shares of Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares during the period. Millennium Management LLC grew its stake in Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after buying an additional 138,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock valued at $7,811,000 after acquiring an additional 2,963 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z 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.