Revolve Group (NYSE:RVLV) Announces Earnings Results, Beats Expectations By $0.08 EPS

Revolve Group (NYSE:RVLV) announced its earnings results on Tuesday. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.09 by $0.08, Zacks reports. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%.

Revolve Group Stock Down 4.0 %

Shares of RVLV traded down $1.20 during midday trading on Tuesday, reaching $28.53. 2,960,790 shares of the stock were exchanged, compared to its average volume of 1,197,823. The stock’s 50 day simple moving average is $31.44 and its 200 day simple moving average is $29.03. The company has a market cap of $2.02 billion, a P/E ratio of 50.94, a PEG ratio of 1.48 and a beta of 2.17. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Roth Mkm reissued a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Robert W. Baird raised their price target on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research report on Thursday, January 23rd. Finally, Evercore ISI increased their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Revolve Group presently has an average rating of “Moderate Buy” and an average price target of $29.60.

Insider Buying and Selling

In other news, CEO Michael Mente sold 67,118 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,256,430. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 687,778 shares of company stock valued at $22,364,908. 46.56% of the stock is owned by company insiders.

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.