Revolve Group Inc. (NYSE: RVLV) stock fell -3.07% on Monday to $12.65 against a previous-day closing price of $13.05. With 1.39 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.43 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $13.03 whereas the lowest price it dropped to was $12.59. The 52-week range on RVLV shows that it touched its highest point at $32.59 and its lowest point at $12.89 during that stretch. It currently has a 1-year price target of $20.25. Beta for the stock currently stands at 2.19.
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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 down-trending over the past week, with a drop of -6.37%, but this was down by -16.67% over a month. Three-month performance dropped to -22.06% while six-month performance fell -48.95%. The stock lost -48.89% in the past year, while it has lost -43.17% so far this year. A look at the trailing 12-month EPS for RVLV yields 0.56 with Next year EPS estimates of 0.65. For the next quarter, that number is 0.10. This implies an EPS growth rate of -41.20% for this year and 36.19% for next year. EPS is expected to decline by -1.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 58.70%.
Float and Shares Shorts:
At present, 73.44 million RVLV shares are outstanding with a float of 40.64 million shares on hand for trading. On Aug 30, 2023, short shares totaled 9.91 million, which was 13.49% higher than short shares on Jul 30, 2023. 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 127.54% of RVLV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.88% of RVLV, in contrast to 62.91% held by mutual funds. Shares owned by individuals account for 0.55%. As the largest shareholder in RVLV with 17.31% of the stake, Kayne Anderson Rudnick Investment holds 7,075,525 shares worth 7,075,525. A second-largest stockholder of RVLV, Fidelity Management & Research Co, holds 6,120,281 shares, controlling over 14.97% of the firm’s shares. William Blair Investment Manageme is the third largest shareholder in RVLV, holding 5,593,823 shares or 13.68% stake. With a 11.52% stake in RVLV, the Virtus KAR Small Cap Growth Fund is the largest stakeholder. A total of 4,710,701 shares are owned by the mutual fund manager. The Fidelity Growth Company Fund, which owns about 4.57% of RVLV stock, is the second-largest Mutual Fund holder. It holds 1,870,037 shares valued at 27.4 million. Vanguard Total Stock Market ETF holds 3.13% of the stake in RVLV, owning 1,280,737 shares worth 18.76 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, RVLV reported revenue of $290.05M and operating income of $19.28M. The EBITDA in the recently reported quarter was $20.48M and diluted EPS was $0.22.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RVLV since 0 analysts follow the stock currently. 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 $22.00 and a low target of $14.00, the average target price over the next 12 months is $19.40. Based on these targets, RVLV could surge 73.91% to reach the target high and rise by 10.67% to reach the target low. Reaching the average price target will result in a growth of 53.36% 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.
Summary of Insider Activity:
Insiders traded RVLV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 613 while 270 shares were sold.
