This trade activity should not be overlooked: Revolve Group Inc. (RVLV)

Revolve Group Inc. (NYSE: RVLV) stock jumped 6.51% on Friday to $30.94 against a previous-day closing price of $29.05. With 3.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.57 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $31.89 whereas the lowest price it dropped to was $29.64. The 52-week range on RVLV shows that it touched its highest point at $89.60 and its lowest point at $24.10 during that stretch. It currently has a 1-year price target of $49.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RVLV was up-trending over the past week, with a rise of 14.64%, but this was up by 7.36% over a month. Three-month performance dropped to -28.89% while six-month performance fell -40.56%. The stock lost -57.87% in the past year, while it has lost -44.79% so far this year. A look at the trailing 12-month EPS for RVLV yields 1.34 with Next year EPS estimates of 1.53. For the next quarter, that number is 0.31. This implies an EPS growth rate of 69.90% for this year and 25.68% for next year. EPS is expected to grow by 29.31% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 107.10%.

Float and Shares Shorts:

At present, 73.26 million RVLV shares are outstanding with a float of 40.45 million shares on hand for trading. On Jul 14, 2022, short shares totaled 9.73 million, which was 13.28% higher than short shares on Jun 14, 2022. In addition to Mr. Michael Karanikolas as the firm’s Co-Founder, Co-CEO & Chairman, Mr. Michael Mente serves as its Co-Founder, Co-CEO & Director.

Institutional Ownership:

Through their ownership of 108.88% of RVLV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.61% of RVLV, in contrast to 48.91% held by mutual funds. Shares owned by individuals account for 0.55%. As the largest shareholder in RVLV with 14.95% of the stake, Fidelity Management & Research Co holds 6,084,331 shares worth 6,084,331. A second-largest stockholder of RVLV, William Blair Investment Manageme, holds 4,285,771 shares, controlling over 10.53% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in RVLV, holding 3,792,990 shares or 9.32% stake. With a 4.91% stake in RVLV, the Fidelity Growth Company Fund is the largest stakeholder. A total of 1,998,632 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.94% of RVLV stock, is the second-largest Mutual Fund holder. It holds 1,194,870 shares valued at 30.96 million. Vanguard Small Cap Index Fund holds 2.54% of the stake in RVLV, owning 1,032,713 shares worth 26.76 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RVLV since 21 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RVLV analysts setting a high price target of $95.00 and a low target of $22.00, the average target price over the next 12 months is $49.17. Based on these targets, RVLV could surge 207.05% to reach the target high and fall by -28.89% to reach the target low. Reaching the average price target will result in a growth of 58.92% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. RVLV will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $1.35 being high and $1.00 being low. For RVLV, this leads to a yearly average estimate of $1.22. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Revolve Group Inc. reported $0.22 EPS against a consensus estimate of $0.22. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.38 and the low estimate is $0.27. The average estimate for the next quarter is thus $0.31.

Summary of Insider Activity:

Insiders traded RVLV stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 10,020 shares were bought while 0 shares were sold. The number of buy transactions has increased to 157 while that of sell transactions has risen to 210 over the past year. The total number of shares bought during that period was 3,419,161 while 3,401,105 shares were sold.

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