Raymond James Financial Increases Revolve Group (NYSE:RVLV) Price Target to $25.00

Revolve Group (NYSE:RVLV - Get Free Report) had its price objective boosted by equities research analysts at Raymond James Financial from $21.00 to $25.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price objective suggests a potential upside of 12.94% from the company's current price.

Several other brokerages have also recently weighed in on RVLV. Cowen restated a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. Piper Sandler dropped their price objective on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus dropped their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley raised their price objective on Revolve Group from $19.00 to $22.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, KeyCorp lowered their target price on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and a consensus target price of $26.53.

Revolve Group Stock Up 4.3%

Shares of Revolve Group stock traded up $0.92 during trading on Tuesday, reaching $22.14. The company's stock had a trading volume of 430,570 shares, compared to its average volume of 1,205,890. The business's 50-day moving average price is $20.82 and its 200-day moving average price is $23.62. The firm has a market cap of $1.58 billion, a PE ratio of 32.09, a P/E/G ratio of 3.10 and a beta of 1.98. Revolve Group has a 52 week low of $16.77 and a 52 week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $296.71 million during the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. Revolve Group's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. Equities analysts predict that Revolve Group will post 0.6 earnings per share for the current year.

Institutional Trading of Revolve Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RVLV. Summit Securities Group LLC bought a new position in shares of Revolve Group during the first quarter valued at $25,000. Castlekeep Investment Advisors LLC bought a new position in shares of Revolve Group during the fourth quarter valued at $65,000. CWM LLC increased its holdings in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after acquiring an additional 836 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Revolve Group during the fourth quarter valued at $156,000. Finally, First Trust Advisors LP bought a new position in shares of Revolve Group during the fourth quarter valued at $209,000. 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.

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