FY2024 EPS Estimates for Revolve Group, Inc. Raised by Analyst (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV - Free Report) - Analysts at Roth Capital boosted their FY2024 earnings per share (EPS) estimates for Revolve Group in a note issued to investors on Wednesday, May 8th. Roth Capital analyst M. Koranda now expects that the company will post earnings per share of $0.48 for the year, up from their prior forecast of $0.41. The consensus estimate for Revolve Group's current full-year earnings is $0.48 per share. Roth Capital also issued estimates for Revolve Group's Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.21 EPS and FY2025 earnings at $0.65 EPS.

Several other analysts also recently issued reports on RVLV. Roth Mkm raised their price objective on shares of Revolve Group from $21.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on Revolve Group from $20.00 to $24.00 and gave the company a "buy" rating in a report on Friday, April 26th. Morgan Stanley initiated coverage on Revolve Group in a research note on Wednesday, February 28th. They issued an "equal weight" rating on the stock. BMO Capital Markets boosted their target price on shares of Revolve Group from $13.00 to $15.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Piper Sandler raised their price target on shares of Revolve Group from $21.00 to $22.50 and gave the stock an "overweight" rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.50.

Revolve Group Price Performance

Shares of NYSE:RVLV traded down $0.32 during trading on Friday, hitting $21.35. The company had a trading volume of 779,061 shares, compared to its average volume of 961,089. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 56.17, a price-to-earnings-growth ratio of 1.45 and a beta of 2.15. The company has a fifty day simple moving average of $20.28 and a two-hundred day simple moving average of $17.15. Revolve Group has a one year low of $12.25 and a one year high of $23.19.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The firm had revenue of $270.60 million for the quarter, compared to analysts' expectations of $271.80 million. During the same period in the prior year, the company earned $0.19 EPS. The business's revenue was down 3.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James & Associates lifted its holdings in shares of Revolve Group by 43.2% during the third quarter. Raymond James & Associates now owns 251,382 shares of the company's stock worth $3,421,000 after purchasing an additional 75,832 shares during the period. Assetmark Inc. lifted its stake in Revolve Group by 11.7% during the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company's stock valued at $104,000 after acquiring an additional 797 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Revolve Group by 50.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,725 shares of the company's stock valued at $268,000 after acquiring an additional 6,657 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Revolve Group by 27.0% in the third quarter. Principal Financial Group Inc. now owns 38,344 shares of the company's stock worth $522,000 after acquiring an additional 8,157 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Revolve Group by 452.4% during the third quarter. Signaturefd LLC now owns 1,823 shares of the company's stock worth $25,000 after purchasing an additional 1,493 shares during the last quarter. Institutional investors and hedge funds 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.