Revolve Group, Inc. (NYSE:RVLV) Receives $21.44 Average Price Target from Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $21.44.

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Robert W. Baird upped their price target on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Revolve Group in a research report on Friday, August 23rd. Barclays dropped their target price on Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, July 18th. Finally, Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th.

Revolve Group Stock Up 3.0 %

NYSE RVLV opened at $24.50 on Friday. The firm has a market capitalization of $1.73 billion, a PE ratio of 72.06, a P/E/G ratio of 2.29 and a beta of 2.04. The stock’s 50 day moving average is $20.72 and its 200 day moving average is $19.79. Revolve Group has a twelve month low of $12.25 and a twelve month high of $24.89.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating the consensus estimate 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 return on equity of 8.35% and a net margin of 3.08%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. On average, research analysts anticipate that Revolve Group will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the stock. Westfield Capital Management Co. LP bought a new position in shares of Revolve Group in the 1st quarter worth approximately $33,735,000. Norden Group LLC raised its position in Revolve Group by 2,269.6% in the first quarter. Norden Group LLC now owns 367,200 shares of the company’s stock worth $7,774,000 after acquiring an additional 351,704 shares during the period. Marshall Wace LLP boosted its stake in shares of Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Revolve Group by 51.3% during the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after acquiring an additional 229,964 shares during the period. Finally, Comerica Bank increased its stake 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 purchasing an additional 178,475 shares in 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.