Revolve Group (NYSE:RVLV) PT Raised to $20.00 at UBS Group

Revolve Group (NYSE:RVLV - Free Report) had its price objective raised by UBS Group from $16.00 to $20.00 in a report released on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on RVLV. Stifel Nicolaus raised their target price on shares of Revolve Group from $18.00 to $20.00 and gave the company a buy rating in a research report on Friday, February 23rd. BTIG Research raised their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Barclays raised their target price on shares of Revolve Group from $12.00 to $13.00 and gave the company an underweight rating in a research report on Thursday, February 29th. Evercore ISI raised their target price on shares of Revolve Group from $15.00 to $17.00 and gave the company an in-line rating in a research report on Wednesday, February 28th. Finally, Raymond James raised shares of Revolve Group from a market perform rating to an outperform rating and set a $21.00 target price for the company in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $18.85.

Revolve Group Stock Down 8.5 %

Shares of NYSE:RVLV traded down $1.79 during midday trading on Wednesday, reaching $19.20. 1,958,456 shares of the company were exchanged, compared to its average volume of 1,127,833. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $24.67. The stock has a fifty day simple moving average of $19.02 and a two-hundred day simple moving average of $16.27. The firm has a market cap of $1.36 billion, a PE ratio of 50.53, a P/E/G ratio of 1.40 and a beta of 2.17.

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

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in shares of Revolve Group by 1.5% during the 1st quarter. Rhumbline Advisers now owns 41,888 shares of the company's stock worth $2,249,000 after buying an additional 613 shares during the period. Assetmark Inc. boosted its holdings in shares of Revolve Group by 8.3% during the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company's stock worth $137,000 after buying an additional 631 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Revolve Group by 8.4% during the 1st quarter. Ameriprise Financial Inc. now owns 10,501 shares of the company's stock worth $266,000 after buying an additional 812 shares during the period. Swiss National Bank boosted its holdings in shares of Revolve Group by 1.0% during the 2nd quarter. Swiss National Bank now owns 88,800 shares of the company's stock worth $1,456,000 after buying an additional 900 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Revolve Group by 1.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 104,528 shares of the company's stock worth $1,714,000 after buying an additional 999 shares during the period. Institutional investors own 67.60% of the company's stock.

Revolve Group Company Profile

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.