Revolve Group (NYSE:RVLV) Trading 3.3% Higher

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) shot up 3.3% during trading on Monday . The company traded as high as $19.33 and last traded at $19.32. 253,474 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,111,474 shares. The stock had previously closed at $18.71.

Analysts Set New Price Targets

A number of research analysts have issued reports on RVLV shares. Robert W. Baird restated a "neutral" rating and set a $17.00 target price on shares of Revolve Group in a research report on Thursday, January 4th. Piper Sandler increased their price objective on shares of Revolve Group from $21.00 to $22.50 and gave the company an "overweight" rating in a report on Wednesday, February 28th. Barclays increased their price objective on shares of Revolve Group from $12.00 to $13.00 and gave the company an "underweight" rating in a report on Thursday, February 29th. BTIG Research increased their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, April 3rd. Finally, Needham & Company LLC increased their price objective on shares of Revolve Group from $16.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Two equities 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 an average rating of "Hold" and a consensus price target of $18.85.

Revolve Group Price Performance

The company's 50-day moving average price is $19.29 and its 200-day moving average price is $16.42. The company has a market cap 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.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The firm had revenue of $257.78 million during the quarter, compared to analysts' expectations of $246.20 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company's revenue was down .5% on a year-over-year basis. On average, equities research analysts predict that Revolve Group, Inc. will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently bought and sold shares of RVLV. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Revolve Group by 5.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company's stock valued at $101,615,000 after buying an additional 390,670 shares in the last quarter. BlackRock Inc. boosted its position in Revolve Group by 51.0% during the second quarter. BlackRock Inc. now owns 4,235,256 shares of the company's stock worth $69,458,000 after purchasing an additional 1,430,242 shares during the period. Vanguard Group Inc. lifted its stake in shares of Revolve Group by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,915,304 shares of the company's stock worth $53,287,000 after buying an additional 18,228 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Revolve Group by 10.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,310,538 shares of the company's stock worth $21,493,000 after buying an additional 122,581 shares during the period. Finally, State Street Corp grew its stake in Revolve Group by 17.4% in the 2nd quarter. State Street Corp now owns 1,195,365 shares of the company's stock valued at $19,604,000 after buying an additional 176,910 shares during the last quarter. 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.