Revolve Group, Inc. (NYSE:RVLV) Receives $18.85 Consensus Price Target from Analysts

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has been assigned an average rating of "Hold" from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Two 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. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.85.

Several research firms recently commented on RVLV. Evercore ISI boosted their target price on Revolve Group from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 28th. UBS Group raised their target price on shares of Revolve Group from $16.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Needham & Company LLC boosted their price target on shares of Revolve Group from $16.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. BTIG Research raised their price objective 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. Finally, Barclays upped their target price on shares of Revolve Group from $12.00 to $13.00 and gave the stock an "underweight" rating in a research report on Thursday, February 29th.

Revolve Group Price Performance

RVLV stock traded down $0.10 during mid-day trading on Tuesday, reaching $18.75. 832,793 shares of the company traded hands, compared to its average volume of 1,121,420. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.90. The company has a market capitalization of $1.33 billion, a P/E ratio of 49.61, a P/E/G ratio of 1.31 and a beta of 2.17. The company has a fifty day moving average price of $19.29 and a 200-day moving average price of $16.42.

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 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 quarter in the prior year, the firm posted $0.11 EPS. Revolve Group's revenue was down .5% on a year-over-year basis. As a group, analysts forecast that Revolve Group will post 0.48 EPS for the current year.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Revolve Group by 15.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 578,016 shares of the company's stock worth $9,584,000 after purchasing an additional 78,589 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Revolve Group by 4.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,271 shares of the company's stock worth $419,000 after buying an additional 1,064 shares during the period. Legal & General Group Plc lifted its holdings in Revolve Group by 4.0% in the 4th quarter. Legal & General Group Plc now owns 43,229 shares of the company's stock worth $717,000 after buying an additional 1,659 shares during the period. Barclays PLC grew its position in shares of Revolve Group by 84.6% in the 4th quarter. Barclays PLC now owns 123,198 shares of the company's stock worth $2,043,000 after buying an additional 56,462 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Revolve Group during the fourth quarter valued at approximately $245,000. Hedge funds and other institutional investors 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.