Revolve Group, Inc. (NYSE:RVLV) Short Interest Update

Revolve Group, Inc. (NYSE:RVLV) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 8,260,000 shares, a drop of 15.5% from the October 31st total of 9,780,000 shares. Based on an average daily trading volume, of 958,800 shares, the days-to-cover ratio is currently 8.6 days.

Revolve Group Trading Down 2.3 %

Shares of Revolve Group stock opened at $36.08 on Friday. The firm has a market capitalization of $2.55 billion, a PE ratio of 65.27, a price-to-earnings-growth ratio of 2.33 and a beta of 2.05. Revolve Group has a 12 month low of $13.24 and a 12 month high of $39.03. The business’s 50-day moving average price is $28.32 and its 200-day moving average price is $22.67.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. The business had revenue of $283.15 million during 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%. Revolve Group’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. As a group, analysts predict that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wedbush reissued a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. TD Cowen boosted their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler increased their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI boosted their price target on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Revolve Group presently has an average rating of “Hold” and an average price target of $26.19.

Insiders Place Their Bets

In other news, CEO Michael Mente sold 71,463 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $35.20, for a total value of $2,515,497.60. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,569,600. The trade was a 49.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. The trade was a 96.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 581,817 shares of company stock valued at $17,870,621 over the last ninety days. 46.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in RVLV. Farther Finance Advisors LLC boosted its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after acquiring an additional 1,940 shares during the period. Quarry LP bought a new position in Revolve Group during the 2nd quarter worth approximately $68,000. American Century Companies Inc. purchased a new position in Revolve Group in the 2nd quarter worth approximately $165,000. Finally, nVerses Capital LLC bought a new stake in Revolve Group in the third quarter valued at approximately $171,000. Institutional investors own 67.60% of the company’s stock.

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.