Stifel Nicolaus Raises Revolve Group (NYSE:RVLV) Price Target to $24.00

Revolve Group (NYSE:RVLV - Free Report) had its price objective boosted by Stifel Nicolaus from $20.00 to $24.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Robert W. Baird reaffirmed a neutral rating and set a $17.00 price target on shares of Revolve Group in a research note on Thursday, January 4th. UBS Group upped their price target on Revolve Group from $16.00 to $20.00 and gave the company a neutral rating in a research note on Wednesday, April 10th. TD Cowen raised Revolve Group from a market perform rating to an outperform rating and upped their price target for the company from $23.00 to $25.00 in a research note on Thursday, March 21st. Needham & Company LLC upped their price target on Revolve Group from $16.00 to $23.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Finally, Piper Sandler upped their price target on Revolve Group from $21.00 to $22.50 and gave the company 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.com, the stock presently has a consensus rating of Hold and an average target price of $19.09.

Revolve Group Price Performance

Shares of RVLV traded up $0.38 on Friday, reaching $19.81. 800,129 shares of the stock traded hands, compared to its average volume of 1,087,940. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 51.16, a P/E/G ratio of 1.39 and a beta of 2.17. Revolve Group has a 12 month low of $12.25 and a 12 month high of $23.19. The stock's 50-day moving average price is $19.76 and its 200-day moving average price is $16.69.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in shares of Revolve Group by 452.4% in the third quarter. Signaturefd LLC now owns 1,823 shares of the company's stock valued at $25,000 after buying an additional 1,493 shares during the last quarter. CWM LLC lifted its position in shares of Revolve Group by 761.5% in 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 last quarter. Assetmark Inc. lifted its position 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 buying an additional 797 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Revolve Group in the first quarter valued at approximately $216,000. Finally, Corton Capital Inc. acquired a new stake in shares of Revolve Group in the third quarter valued at approximately $140,000. 67.60% of the stock is owned by institutional investors and hedge funds.

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.