Raymond James Financial Has Lowered Expectations for Revolve Group (NYSE:RVLV) Stock Price

Key Points

• Raymond James lowered Revolve Group’s price target from $28 to $25 while maintaining an “outperform” rating, implying approximately 9.2% upside from the prior close.
• Analyst sentiment remains generally positive, with eight Buy ratings and six Holds; the consensus rating is “Moderate Buy” and the average price target is $29.85.
• Revolve reported quarterly EPS of $0.26 versus the $0.21 consensus estimate, while revenue rose 12.5% year over year to $347.41 million. Institutional investors own 67.6% of the company’s shares.

Revolve Group (NYSE:RVLV - Get Free Report) had its price target dropped by analysts at Raymond James Financial from $28.00 to $25.00 in a report issued on Friday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's target price suggests a potential upside of 9.20% from the company's previous close.

A number of other brokerages also recently issued reports on RVLV. BTIG Research restated a "buy" rating and set a $35.00 price target on shares of Revolve Group in a report on Friday, August 21st. Roth Capital restated a "buy" rating and issued a $37.00 target price on shares of Revolve Group in a research report on Wednesday, August 5th. TD Cowen increased their price target on Revolve Group from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. UBS Group boosted their price objective on shares of Revolve Group from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Revolve Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.85.

Revolve Group Price Performance

NYSE RVLV traded down $0.32 during trading hours on Friday, reaching $22.89. The company's stock had a trading volume of 508,348 shares, compared to its average volume of 994,827. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 2.68 and a beta of 1.70. The company's 50-day moving average is $21.99 and its two-hundred day moving average is $22.50. Revolve Group has a 1-year low of $17.35 and a 1-year high of $31.68.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%. The company had revenue of $347.41 million for the quarter, compared to analyst estimates of $341.91 million. During the same period last year, the company earned $0.14 earnings per share. Revolve Group's quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts forecast that Revolve Group will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in Revolve Group during the 2nd quarter worth about $46,000. Squarepoint Ops LLC boosted its stake in shares of Revolve Group by 9.8% in the second quarter. Squarepoint Ops LLC now owns 182,224 shares of the company's stock valued at $4,171,000 after purchasing an additional 16,228 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Revolve Group in the second quarter valued at approximately $259,000. Madison Asset Management LLC purchased a new position in shares of Revolve Group in the second quarter valued at approximately $2,946,000. Finally, Gradient Investments LLC acquired a new position in shares of Revolve Group in the second quarter valued at approximately $1,437,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates a digital-first fashion retail business serving consumers through the REVOLVE and FWRD platforms. The company offers a curated selection of contemporary and luxury apparel, footwear, accessories, beauty products and lifestyle merchandise from third-party brands, as well as products from its own private-label brands.

REVOLVE is focused on trend-oriented fashion and uses data, digital marketing, social media and relationships with influencers and creators to reach its customer base.

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