Revolve Group, Inc. (NYSE:RVLV) Stock Has Average Price Target of $30.08

Key Points

• Analysts have a “Moderate Buy” consensus on Revolve Group, with seven buy ratings and six holds. The average 12-month price target is $30.08, above the reported $20.76 opening price.
• Revolve Group exceeded quarterly expectations, reporting $0.26 EPS versus the $0.21 consensus and $347.41 million in revenue. Revenue increased 12.5% year over year, while analysts forecast $0.82 in EPS for the full fiscal year.
• Institutional investors own 67.6% of the company, with several large funds recently increasing or initiating positions. The stock has traded between $17.35 and $31.68 over the past year and was down 2.2% in the reported session.

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $30.08.

RVLV has been the subject of several research reports. Roth Capital restated a "buy" rating and set a $37.00 price target on shares of Revolve Group in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Revolve Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 24th. UBS Group increased their target price on shares of Revolve Group from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. BTIG Research reissued a "buy" rating and set a $35.00 target price on shares of Revolve Group in a research report on Friday, August 21st. Finally, TD Cowen raised their price target on shares of Revolve Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th.

Revolve Group Trading Down 2.2%

Shares of Revolve Group stock opened at $20.76 on Friday. The business's fifty day simple moving average is $22.72 and its 200 day simple moving average is $22.55. The firm has a market capitalization of $1.48 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.63 and a beta of 1.70. Revolve Group has a 12 month low of $17.35 and a 12 month high of $31.68.

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

Institutional Trading of Revolve Group

A number of large investors have recently bought and sold shares of RVLV. Gradient Investments LLC purchased a new position in shares of Revolve Group during the 2nd quarter valued at $1,437,000. Dimensional Fund Advisors LP increased its holdings in Revolve Group by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company's stock worth $20,444,000 after acquiring an additional 55,734 shares during the last quarter. Madison Asset Management LLC purchased a new stake in Revolve Group in the 2nd quarter worth about $2,946,000. Segall Bryant & Hamill LLC increased its holdings in Revolve Group by 63.0% in the 1st quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company's stock worth $11,613,000 after acquiring an additional 198,448 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Revolve Group by 48.2% in the 1st quarter. Bank of America Corp DE now owns 624,985 shares of the company's stock valued at $14,131,000 after acquiring an additional 203,216 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.

About Revolve Group

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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