Wedbush Comments on Revolve Group, Inc.’s Q4 2024 Earnings (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV) – Analysts at Wedbush dropped their Q4 2024 earnings per share (EPS) estimates for Revolve Group in a report issued on Tuesday, August 6th. Wedbush analyst T. Nikic now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.14. Wedbush has a “Neutral” rating and a $19.00 price target on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $0.47 per share.

RVLV has been the subject of several other reports. UBS Group increased their price target on Revolve Group from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of Revolve Group in a research note on Friday, May 17th. Barclays dropped their price objective on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, July 18th. BMO Capital Markets boosted their target price on Revolve Group from $13.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Finally, Robert W. Baird lifted their target price on Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.59.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded down $0.62 on Thursday, hitting $22.49. The stock had a trading volume of 1,085,697 shares, compared to its average volume of 952,413. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 66.15, a price-to-earnings-growth ratio of 2.40 and a beta of 2.09. The firm’s 50 day moving average price is $17.38 and its 200-day moving average price is $18.54. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.67.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.43%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently modified their holdings of RVLV. BNP Paribas Financial Markets increased its position in Revolve Group by 80.9% during the fourth quarter. BNP Paribas Financial Markets now owns 176,222 shares of the company’s stock worth $2,922,000 after purchasing an additional 78,828 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Revolve Group by 51.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after purchasing an additional 229,964 shares during the period. Madison Asset Management LLC boosted its stake in Revolve Group by 40.4% during the fourth quarter. Madison Asset Management LLC now owns 197,982 shares of the company’s stock valued at $3,283,000 after buying an additional 56,976 shares in the last quarter. Comerica Bank lifted its stake in Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after buying an additional 178,475 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in Revolve Group during the 1st quarter valued at about $1,591,000. Hedge funds and other 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.