The Vanguard Group, Inc. recently announced the acquisition of new stake in Revolve Group Inc. (NYSE:RVLV). The institutional investor has increased its shareholding in the Consumer Cyclical company by 16.02% to 1.38 million shares with purchase of 0.19 million shares. This fresh investment now brings its stake to 8.77% valued currently at $22.66 million. In addition, Penserra Capital Management LLC raised its holdings by 0.79 million to 1.13 million shares.
With over 2.18 million Revolve Group Inc. (RVLV) shares trading Tuesday and a closing price of $21.46 on the day, the dollar volume was approximately $46.85 million. The shares have shown a positive weekly performance of 4.73% and its price on 09/01/20 gained nearly 6.87%. Currently, there are 69.42M common shares owned by the public and among those 15.72M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for RVLV have a consensus price objective of $24.67. The analysts have set the share’s price value over the next 12 months at a high of $32.00 and a low of $18.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Revolve Group Inc. stock is 2.20 for the next 12 months. The average price target is 13.01% above its last price level and an upside to the estimated low will see the stock lose -19.22% over that period. But an upside of 32.94% will see the stock hit the forecast high price target while mean target price for the stock is $25.00.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 341,395 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 132,653 shares.
The top 3 mutual fund holders in Revolve Group Inc. are Amplify Online Retail ETF, ClearBridge Small Cap Growth Fund, and Federated Hermes Kaufmann Small C. Amplify Online Retail ETF owns 1.51 million shares of the company’s stock, all valued at over $24.67 million. The company bought an additional 54649.0 shares recently to bring their total holdings to about 9.55% of the shares outstanding. ClearBridge Small Cap Growth Fund sold -0.3 million shares to see its total holdings shrink to 1.02 million shares valued at over $16.67 million and representing 6.45% of the shares outstanding. Federated Hermes Kaufmann Small C now owns shares totaling to 3.30% of the shares outstanding.
Shares of Revolve Group Inc. (NYSE: RVLV) opened at $20.00, down -$0.08 from a prior closing price of $20.08. However, the script later closed the day at $21.46, up 6.87%. The company’s stock has a 5-day price change of 4.73% and 29.90% over the past three months. RVLV shares are trading 16.88% year to date (YTD), with the 12-month market performance down to -0.23% lower. It has a 12-month low price of $7.17 and touched a high of $26.69 over the same period. Currently, 2.18 million shares have been traded, compared to an average intraday trading volume of 1.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.19%, 23.07%, and 37.66% respectively.
Institutional ownership of Revolve Group Inc. (NYSE: RVLV) shares accounts for 76.80% of the company’s 69.42M shares outstanding. Mutual fund holders own 17.01%, while other institutional holders and individual stakeholders account for 49.78% and 1.32% respectively.
It has a market capitalization of $1.47B. The stock’s trailing 12-month PE ratio is 42.08, while the earnings-per-share (ttm) stands at $0.51. The company has a PEG of 1.75 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.31% over the week and 6.66% over the month.
Analysts forecast that Revolve Group Inc. (RVLV) will achieve an EPS of $0.13 for the current quarter, $0.12 for the next quarter and $0.68 for 2021. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.17. Comparatively, EPS for the current quarter was $0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -120.00%, and 34.91% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Revolve Group Inc. (RVLV) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 7 of the 14 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the RVLV, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on August 13, 2020, with the firm’s price target at $18-$32. B. Riley FBR coverage for the Revolve Group Inc. (RVLV) stock in a research note released on May 14, 2020 offered a Buy rating with a price target of $17. Jefferies was of a view on March 19, 2020 that the stock is Hold, while Nomura gave the stock Neutral rating on March 18, 2020, issuing a price target of $11. Morgan Stanley on their part issued Equal-Weight rating on February 27, 2020.