KeyCorp Predicts Revolve Group’s FY2024 Earnings (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV) – Equities research analysts at KeyCorp issued their FY2024 earnings estimates for shares of Revolve Group in a research report issued on Wednesday, January 22nd. KeyCorp analyst A. Owens forecasts that the company will earn $0.61 per share for the year. KeyCorp currently has a “Overweight” rating and a $37.00 price objective on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $0.60 per share. KeyCorp also issued estimates for Revolve Group’s FY2026 earnings at $1.04 EPS.

A number of other analysts also recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. TD Cowen upped their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. UBS Group upped their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, BTIG Research lifted their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Revolve Group Stock Up 1.0 %

RVLV stock opened at $31.16 on Monday. Revolve Group has a 52 week low of $14.04 and a 52 week high of $39.58. The business has a 50-day simple moving average of $33.71 and a 200 day simple moving average of $27.44. The company has a market cap of $2.20 billion, a PE ratio of 55.64, a price-to-earnings-growth ratio of 1.58 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping 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 return on equity of 10.17% and a net margin of 3.72%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Revolve Group during the 4th quarter valued at $275,000. Dakota Wealth Management purchased a new position in Revolve Group in the 4th quarter valued at approximately $211,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Revolve Group during the fourth quarter worth $50,000. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 158,960 shares during the period. Finally, Franklin Resources Inc. grew its stake in Revolve Group by 6.9% during the third quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after acquiring an additional 1,753 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

Insider Buying and Selling at Revolve Group

In related news, CFO Jesse Timmermans sold 91,625 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at $93,818.88. This represents a 96.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Mente sold 69,605 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,173,210. This trade represents a 48.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 900,807 shares of company stock valued at $29,507,102. 46.56% of the stock is currently owned by company insiders.

About Revolve Group

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.