Revolve Group (NYSE:RVLV) Price Target Increased to $20.00 by Analysts at Evercore ISI

Revolve Group (NYSE:RVLV - Get Free Report) had its price objective raised by analysts at Evercore ISI from $17.00 to $20.00 in a report released on Monday, Benzinga reports. The brokerage currently has an "in-line" rating on the stock. Evercore ISI's price objective suggests a potential downside of 3.57% from the stock's current price.

Other equities analysts have also issued reports about the company. Needham & Company LLC raised their price target on Revolve Group from $16.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. Morgan Stanley started coverage on shares of Revolve Group in a research note on Wednesday, February 28th. They set an "equal weight" rating for the company. TD Cowen upgraded Revolve Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $23.00 to $25.00 in a research note on Thursday, March 21st. Piper Sandler raised their target price on shares of Revolve Group from $21.00 to $22.50 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. Finally, Raymond James upgraded shares of Revolve Group from a "market perform" rating to an "outperform" rating and set a $21.00 price target for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.26.

Revolve Group Stock Performance

NYSE:RVLV traded up $1.07 during trading on Monday, reaching $20.74. The company's stock had a trading volume of 1,001,386 shares, compared to its average volume of 1,077,739. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15. Revolve Group has a 12 month low of $12.25 and a 12 month high of $23.19. The firm has a 50 day moving average of $20.15 and a 200-day moving average of $16.93.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $257.78 million during the quarter, compared to the consensus estimate of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The company's revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. 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 modified their holdings of the company. Essex Investment Management Co. LLC grew its holdings in Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company's stock valued at $2,435,000 after buying an additional 767 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Revolve Group in the 1st quarter worth about $1,591,000. Norden Group LLC raised its position in Revolve Group by 38.3% during the first quarter. Norden Group LLC now owns 21,425 shares of the company's stock valued at $454,000 after purchasing an additional 5,929 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Revolve Group by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company's stock valued at $17,478,000 after purchasing an additional 10,724 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Revolve Group in the 1st quarter worth approximately $45,000. Hedge funds and other 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.