Revolve Group (NYSE:RVLV) PT Raised to $24.00

Revolve Group (NYSE:RVLV) had its price objective upped by Robert W. Baird from $23.00 to $24.00 in a research report released on Wednesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the stock. UBS Group increased their price objective on shares of Revolve Group from $21.00 to $22.00 and gave the stock a neutral rating in a research report on Thursday, May 9th. Barclays decreased their price target on Revolve Group from $15.00 to $14.00 and set an underweight rating for the company in a research note on Thursday, July 18th. Stifel Nicolaus upped their price objective on Revolve Group from $20.00 to $24.00 and gave the company a buy rating in a research report on Friday, April 26th. Roth Mkm lifted their target price on Revolve Group from $21.00 to $26.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets boosted their target price on shares of Revolve Group from $13.00 to $15.00 and gave the company a market perform rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $20.78.

Revolve Group Stock Performance

NYSE RVLV opened at $24.05 on Wednesday. The business’s 50 day moving average price is $17.83 and its 200-day moving average price is $18.83. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $24.42. The company has a market cap of $1.70 billion, a P/E ratio of 70.74, a P/E/G ratio of 2.13 and a beta of 2.09.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $282.50 million for the quarter, compared to analysts’ expectations of $277.06 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts predict that Revolve Group will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Westfield Capital Management Co. LP purchased a new stake in shares of Revolve Group during the 1st quarter worth $33,735,000. Norden Group LLC lifted its position in shares of Revolve Group by 2,269.6% during the first quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after buying an additional 351,704 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares in the last quarter. Stephens Investment Management Group LLC grew its position in shares of Revolve Group by 51.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock worth $11,250,000 after buying an additional 229,964 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after buying an additional 178,475 shares during the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

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.