Revolve Group (NYSE:RVLV) Price Target Increased to $24.00 by Analysts at BTIG Research

Revolve Group (NYSE:RVLV - Free Report) had its price objective boosted by BTIG Research from $22.00 to $24.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

RVLV has been the topic of a number of other reports. Wedbush upped their target price on Revolve Group from $12.00 to $17.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Piper Sandler upped their target price on Revolve Group from $21.00 to $22.50 and gave the stock an overweight rating in a research note on Wednesday, February 28th. Roth Mkm upped their target price on Revolve Group from $16.00 to $21.00 and gave the stock a buy rating in a research note on Wednesday, December 20th. Morgan Stanley assumed coverage on Revolve Group in a research note on Wednesday, February 28th. They issued an equal weight rating on the stock. Finally, Stifel Nicolaus upped their target price on Revolve Group from $18.00 to $20.00 and gave the stock a buy rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $18.78.

Revolve Group Stock Down 2.0 %

RVLV stock traded down $0.40 during midday trading on Wednesday, hitting $19.63. The company's stock had a trading volume of 535,594 shares, compared to its average volume of 1,135,533. The stock's 50-day moving average price is $18.47 and its 200 day moving average price is $15.99. Revolve Group has a 1 year low of $12.25 and a 1 year high of $26.45. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 52.26, a PEG ratio of 1.48 and a beta of 2.17.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The firm had revenue of $257.78 million for the quarter, compared to analysts' expectations of $246.20 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business's revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts forecast that Revolve Group will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of Revolve Group by 452.4% in 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. CWM LLC boosted its position in shares of Revolve Group by 761.5% during the third quarter. CWM LLC now owns 2,929 shares of the company's stock valued at $40,000 after buying an additional 2,589 shares during the period. Systematic Financial Management LP purchased a new position in shares of Revolve Group during the first quarter valued at approximately $88,000. PNC Financial Services Group Inc. boosted its holdings in shares of Revolve Group by 36.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,109 shares of the company's stock valued at $91,000 after purchasing an additional 1,089 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Revolve Group by 11.7% in the third quarter. Assetmark Inc. now owns 7,621 shares of the company's stock valued at $104,000 after purchasing an additional 797 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.