Revolve Group (NYSE:RVLV) Price Target Raised to $15.00 at Barclays

Revolve Group (NYSE:RVLV - Get Free Report) had its price objective upped by equities researchers at Barclays from $13.00 to $15.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Barclays's target price would suggest a potential downside of 30.83% from the company's previous close.

RVLV has been the topic of a number of other reports. BMO Capital Markets lifted their price objective 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. BTIG Research boosted their price target on shares of Revolve Group from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. Raymond James upgraded shares of Revolve Group from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research note on Wednesday, February 28th. Stifel Nicolaus boosted their price target on shares of Revolve Group from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Finally, UBS Group boosted their price target on shares of Revolve Group from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $20.38.

Revolve Group Trading Up 2.5 %

NYSE:RVLV traded up $0.54 during midday trading on Wednesday, hitting $21.69. 1,781,404 shares of the company were exchanged, compared to its average volume of 1,096,485. The company has a fifty day simple moving average of $20.30 and a 200 day simple moving average of $17.03. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $23.19. The company has a market capitalization of $1.54 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 EPS for the quarter, topping 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 analyst estimates of $271.80 million. During the same period last year, the business earned $0.19 EPS. Revolve Group's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Revolve Group will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in shares of Revolve Group by 452.4% in the 3rd 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. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Revolve Group in the 1st quarter worth approximately $45,000. Assetmark Inc. raised 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 in the last quarter. SYSTM Wealth Solutions LLC bought a new stake in Revolve Group during the 1st quarter valued at $216,000. Finally, Corton Capital Inc. bought a new stake in Revolve Group during the 3rd quarter valued at $140,000. 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.