Revolve Group (NYSE:RVLV) Shares Up 7.4% - Here's What Happened

Key Points

• Revolve Group shares rose 7.4% to approximately $23.20 during Thursday trading, although volume was 80% below the average session level.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $30.08; recent targets range from $29 to $35.
• The company recently exceeded quarterly expectations, reporting $0.26 in EPS versus $0.21 expected and $347.4 million in revenue, up 12.5% year over year. Institutional investors own 67.6% of the stock.

Revolve Group, Inc. (NYSE:RVLV - Get Free Report)'s share price was up 7.4% during trading on Thursday. The company traded as high as $23.13 and last traded at $23.1950. 196,048 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 991,858 shares. The stock had previously closed at $21.60.

Analysts Set New Price Targets

RVLV has been the subject of a number of research reports. BTIG Research reiterated a "buy" rating and set a $35.00 price objective on shares of Revolve Group in a report on Friday, August 21st. Weiss Ratings raised Revolve Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, September 24th. TD Cowen boosted their target price on Revolve Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. UBS Group boosted their target price on Revolve Group from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded Revolve Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Revolve Group has a consensus rating of "Moderate Buy" and a consensus price target of $30.08.

Revolve Group Trading Up 7.9%

The firm's 50 day simple moving average is $22.02 and its 200-day simple moving average is $22.49. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.67 and a beta of 1.70.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The company had revenue of $347.41 million during the quarter, compared to the consensus estimate of $341.91 million. During the same period in the prior year, the business posted $0.14 EPS. The company's quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts predict that Revolve Group, Inc. will post 0.82 earnings per share for the current year.

Institutional Investors Weigh In On Revolve Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gradient Investments LLC bought a new stake in Revolve Group during the second quarter worth $1,437,000. Dimensional Fund Advisors LP lifted its stake in Revolve Group by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company's stock valued at $20,444,000 after acquiring an additional 55,734 shares during the last quarter. Madison Asset Management LLC acquired a new stake in Revolve Group in the second quarter valued at $2,946,000. Segall Bryant & Hamill LLC grew its position in shares of Revolve Group by 63.0% in the 1st quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company's stock valued at $11,613,000 after acquiring an additional 198,448 shares during the period. Finally, Cooper Creek Partners Management LLC grew its position in shares of Revolve Group by 36.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company's stock valued at $46,785,000 after acquiring an additional 555,153 shares during the period. Institutional investors own 67.60% of the company's stock.

About Revolve Group

Revolve Group, Inc operates a digital-first fashion retail business serving consumers through the REVOLVE and FWRD platforms. The company offers a curated selection of contemporary and luxury apparel, footwear, accessories, beauty products and lifestyle merchandise from third-party brands, as well as products from its own private-label brands.

REVOLVE is focused on trend-oriented fashion and uses data, digital marketing, social media and relationships with influencers and creators to reach its customer base.

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