Short Interest in Revolve Group, Inc. (NYSE:RVLV) Declines By 20.5%

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 8,470,000 shares, a decline of 20.5% from the February 29th total of 10,660,000 shares. Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is presently 7.5 days.

Institutional Investors Weigh In On Revolve Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its position in Revolve Group by 452.4% during 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 period. CWM LLC raised its position in Revolve Group by 761.5% during 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 period. PNC Financial Services Group Inc. raised its position in Revolve Group by 55.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company's stock valued at $163,000 after buying an additional 1,083 shares during the period. Systematic Financial Management LP acquired a new position in Revolve Group during the first quarter valued at $88,000. Finally, Bridgefront Capital LLC acquired a new position in Revolve Group during the first quarter valued at $287,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RVLV shares. Piper Sandler boosted their price target on Revolve Group from $21.00 to $22.50 and gave the company an "overweight" rating in a report on Wednesday, February 28th. Stifel Nicolaus boosted their price target on Revolve Group from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, February 23rd. TD Cowen upgraded Revolve Group from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $23.00 to $25.00 in a report on Thursday, March 21st. Jefferies Financial Group reiterated a "hold" rating and issued a $17.00 price target on shares of Revolve Group in a report on Thursday, January 4th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $17.00 price target on shares of Revolve Group in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $18.91.

Revolve Group Price Performance

Shares of Revolve Group stock traded up $0.62 during trading on Friday, hitting $21.17. The stock had a trading volume of 870,651 shares, compared to its average volume of 999,423. The firm has a market cap of $1.50 billion, a P/E ratio of 55.71, a PEG ratio of 1.49 and a beta of 2.18. The business has a fifty day moving average of $18.24 and a two-hundred day moving average of $15.87. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $26.76.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $257.78 million during 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%. The company's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, research analysts forecast that Revolve Group will post 0.48 earnings per share for the current year.

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.