Fidelity Management & Research Co 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 0.07% to 6.12 million shares with purchase of 4428.0 shares. This fresh investment now brings its stake to 15.00% valued currently at $126.28 million. In addition, William Blair Investment Manageme raised its holdings by 0.85 million to 5.64 million shares. And BlackRock Fund Advisors has lifted its position by 2.39% or 56758.0 shares – to 2.43 million shares.
With over 1.58 million Revolve Group Inc. (RVLV) shares trading Friday and a closing price of $16.55 on the day, the dollar volume was approximately $26.1 million. The shares have shown a negative half year performance of -38.01% and its price on 05/19/23 lost nearly -3.83%. Currently, there are 73.37M common shares owned by the public and among those 40.48M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for RVLV have a consensus price objective of $23.38. The analysts have set the share’s price value over the next 12 months at a high of $30.00 and a low of $17.00. The average price target is 29.75% above its recent price level and an upside to the estimated low will see the stock gain 2.65% over that period. But an upside of 44.83% will see the stock hit the forecast high price target while median target price for the stock is $24.00.
Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 10,633 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 270 shares.
The top 3 mutual fund holders in Revolve Group Inc. are Virtus KAR Small Cap Growth Fund, Fidelity Growth Company Fund, and Vanguard Total Stock Market ETF. Virtus KAR Small Cap Growth Fund owns 4.71 million shares of the company’s stock, all valued at over $97.28 million. The company sold -0.57 million shares recently to bring their total holdings to about 11.56% of the shares outstanding. Fidelity Growth Company Fund sold 24487.0 shares to see its total holdings shrink to 1.84 million shares valued at over $38.08 million and representing 4.52% of the shares outstanding. Vanguard Total Stock Market ETF bought 26391.0 shares to bring its total holdings to over 1.25 million shares at a value of $25.73 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.06% of the shares outstanding.
Shares of Revolve Group Inc. (NYSE: RVLV) opened at $17.28, up $0.07 from a prior closing price of $17.21. However, the script later moved the day high at 17.31, down -3.83%. The company’s stock has a 5-day price change of -5.27% and -37.64% over the past three months. RVLV shares are trading -25.65% year to date (YTD), with the 12-month market performance down to -38.82% lower. It has a 12-month low price of $16.75 and touched a high of $33.67 over the same period. RVLV has an average intraday trading volume of 1.34 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 -13.47%, -26.03%, and -31.98% respectively.
Institutional ownership of Revolve Group Inc. (NYSE: RVLV) shares accounts for 128.86% of the company’s 73.37M shares outstanding. Mutual fund holders own 60.60%, while other institutional holders and individual stakeholders account for 72.48% and 0.55% respectively.
It has a market capitalization of $1.26B and a beta (3y monthly) value of 2.15. The stock’s trailing 12-month PE ratio is 24.48, while the earnings-per-share (ttm) stands at $0.68. The company has a PEG of 1.03 and a Quick Ratio of 1.90 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.31% over the week and 4.98% over the month.
Analysts forecast that Revolve Group Inc. (RVLV) will achieve an EPS of $0.08 for the current quarter, $0.18 for the next quarter and $0.86 for 2024. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to decrease by -41.20%, and 36.77% over the next financial year. EPS should shrink at an annualized rate of 23.70% over the next five years, compared to 58.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Revolve Group Inc. (RVLV) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 7 of the 19 advise that investors “hold,” and 1 rated it as a “Sell.”
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