Revolve Group (NYSE:RVLV) Stock Picked Up by Analysts at TD Cowen

Key Points

• TD Cowen initiated coverage of Revolve Group with a “strong-buy” rating. The broader analyst consensus is “Moderate Buy,” with a consensus price target of $29.69.
• Analyst opinions remain mixed, with price targets ranging from $25 to $35; Raymond James and UBS lowered their targets, while Piper Sandler raised its objective and BTIG Research reiterated a buy rating.
• Revolve’s latest quarterly results exceeded expectations, with EPS of $0.26 versus $0.21 expected and revenue of $347.41 million, up 12.5% year over year. The stock opened at $22.39 and was down 3%.

Investment analysts at TD Cowen started coverage on shares of Revolve Group (NYSE:RVLV - Get Free Report) in a note issued to investors on Friday, Zacks reports. The brokerage set a "strong-buy" rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Raymond James Financial dropped their price target on shares of Revolve Group from $28.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday, October 16th. Piper Sandler raised their price objective on shares of Revolve Group from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. UBS Group decreased their target price on shares of Revolve Group from $29.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday. BTIG Research reiterated a "buy" rating and issued a $35.00 target price on shares of Revolve Group in a research note on Wednesday. Finally, Wall Street Zen cut shares of Revolve Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.69.

Revolve Group Trading Down 3.0%

Revolve Group stock opened at $22.39 on Friday. The business's fifty day simple moving average is $21.76 and its two-hundred day simple moving average is $23.38. Revolve Group has a 12 month low of $17.35 and a 12 month high of $31.68. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.92 and a beta of 1.70.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share 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 firm had revenue of $347.41 million during the quarter, compared to the consensus estimate of $341.91 million. During the same period last year, the company earned $0.14 earnings per share. The company's revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Revolve Group will post 0.80 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC lifted its position in shares of Revolve Group by 1.9% in the 3rd quarter. Inspire Investing LLC now owns 29,901 shares of the company's stock worth $638,000 after purchasing an additional 553 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Revolve Group by 842.6% during the third quarter. Sterling Capital Management LLC now owns 1,395 shares of the company's stock valued at $30,000 after purchasing an additional 1,247 shares in the last quarter. Royal Bank of Canada increased its holdings in Revolve Group by 7.8% during the first quarter. Royal Bank of Canada now owns 26,400 shares of the company's stock valued at $597,000 after buying an additional 1,904 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Revolve Group during the second quarter valued at approximately $46,000. Finally, State of Wyoming increased its holdings in Revolve Group by 44.1% during the third quarter. State of Wyoming now owns 18,050 shares of the company's stock valued at $385,000 after buying an additional 5,526 shares during the period. 67.60% of the stock is owned by institutional investors.

About Revolve Group

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women's and men's apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.

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