Barclays Boosts Revolve Group (NYSE:RVLV) Price Target to $17.00

Revolve Group (NYSE:RVLV) had its price target boosted by Barclays from $15.00 to $17.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts have also recently weighed in on RVLV. BTIG Research lifted their target price on shares of Revolve Group from $24.00 to $26.00 and gave the company a buy rating in a research note on Friday, August 16th. Robert W. Baird boosted their price objective on Revolve Group from $23.00 to $24.00 and gave the company a neutral rating in a research report on Wednesday, August 14th. Piper Sandler reiterated an overweight rating and set a $30.00 target price on shares of Revolve Group in a research report on Friday, August 23rd. Evercore ISI boosted their price target on Revolve Group from $20.00 to $21.00 and gave the stock an in-line rating in a report on Wednesday, August 7th. Finally, Wedbush restated a neutral rating and issued a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Revolve Group presently has a consensus rating of Hold and a consensus price target of $21.63.

Revolve Group Stock Down 0.6 %

Shares of RVLV opened at $24.36 on Wednesday. The business has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $20.14. Revolve Group has a 52 week low of $12.42 and a 52 week high of $26.14. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 71.65, a PEG ratio of 2.40 and a beta of 2.04.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Large investors have recently modified their holdings of the stock. Logan Capital Management Inc. increased its position in Revolve Group by 2.3% during the fourth quarter. Logan Capital Management Inc. now owns 81,417 shares of the company’s stock valued at $1,350,000 after acquiring an additional 1,807 shares during the last quarter. Orchard Capital Management LLC raised its position in Revolve Group by 5.5% in the 4th quarter. Orchard Capital Management LLC now owns 434,189 shares of the company’s stock worth $7,199,000 after purchasing an additional 22,543 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Revolve Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock worth $17,478,000 after purchasing an additional 10,724 shares during the last quarter. Norden Group LLC boosted 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 period. Finally, SYSTM Wealth Solutions LLC purchased a new position in shares of Revolve Group during the first quarter valued at approximately $216,000. 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.