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

Shares of Revolve Group, Inc. (NYSE:RVLV) have received a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.44.

Several brokerages recently commented on RVLV. Wedbush restated a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Robert W. Baird upped their price target on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. BTIG Research upped their price target on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays reduced their price target on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, July 18th. Finally, TD Cowen upped their price target on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, August 26th.

Revolve Group Price Performance

RVLV stock opened at $24.65 on Friday. Revolve Group has a 12 month low of $12.25 and a 12 month high of $24.89. The firm has a market cap of $1.74 billion, a PE ratio of 72.50, a P/E/G ratio of 2.29 and a beta of 2.04. The firm has a 50 day simple moving average of $20.55 and a 200 day simple moving average of $19.77.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating 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 business 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 business earned $0.10 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Revolve Group will post 0.56 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Revolve Group by 80.9% during the 4th quarter. BNP Paribas Financial Markets now owns 176,222 shares of the company’s stock valued at $2,922,000 after purchasing an additional 78,828 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings 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 purchasing an additional 229,964 shares in the last quarter. Madison Asset Management LLC raised its holdings in shares of Revolve Group by 40.4% during the 4th quarter. Madison Asset Management LLC now owns 197,982 shares of the company’s stock valued at $3,283,000 after purchasing an additional 56,976 shares in the last quarter. Comerica Bank raised its holdings in shares of Revolve Group by 12,630.9% during the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after purchasing an additional 178,475 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Revolve Group during the 1st quarter valued at $1,591,000. Institutional investors own 67.60% of the company’s stock.

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.