Revolve Group (NYSE:RVLV - Free Report ) had its target price hoisted by UBS Group from $21.00 to $22.00 in a research report released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.
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Several other equities analysts also recently issued reports on RVLV. Raymond James raised 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. TD Cowen upgraded shares of Revolve Group from a market perform rating to an outperform rating and lifted their price objective for the company from $23.00 to $25.00 in a research note on Thursday, March 21st. Evercore ISI lifted their price objective on shares of Revolve Group from $17.00 to $20.00 and gave the company an in-line rating in a research note on Monday. The Goldman Sachs Group initiated coverage on shares of Revolve Group in a research note on Wednesday, January 10th. They set a sell rating and a $12.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on shares of Revolve Group from $19.00 to $23.00 and gave the company a neutral rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Revolve Group presently has a consensus rating of Hold and an average price target of $20.50.
Read Our Latest Report on Revolve Group
Revolve Group Trading Down 0.1 % Revolve Group stock traded down $0.02 during mid-day trading on Thursday, reaching $21.66. The company's stock had a trading volume of 1,110,061 shares, compared to its average volume of 1,096,638. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 63.71, a PEG ratio of 1.38 and a beta of 2.15. The business has a 50 day moving average price of $20.30 and a 200-day moving average price of $17.09. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.19.
Revolve Group (NYSE:RVLV - Get Free Report ) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $270.60 million during the quarter, compared to the consensus estimate of $271.80 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Revolve Group will post 0.48 EPS for the current fiscal year.
Institutional Trading of Revolve Group Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in Revolve Group by 452.4% during the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company's stock valued at $25,000 after acquiring an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Revolve Group during the 1st quarter valued at about $45,000. Assetmark Inc. grew 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. Corton Capital Inc. purchased a new position in Revolve Group during the 3rd quarter valued at about $140,000. Finally, Handelsbanken Fonder AB purchased a new position in Revolve Group during the 4th quarter valued at about $179,000. Institutional investors and hedge funds own 67.60% of the company's stock.
About Revolve Group (
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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.
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