Revolve Group, Inc. (NYSE:RVLV) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Revolve Group, Inc. has received a consensus rating of "Moderate Buy" from eighteen research firms, with an average target price of $27.40.
• Institutional investors currently hold about 67.60% of the company's stock, showing increased investment interest during recent quarters.
• The company's latest earnings report showed an earnings per share of $0.14, exceeding expectations, with revenue of $308.97 million, marking a year-over-year increase of 9.3%.

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eighteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.40.

Several equities analysts have weighed in on the company. Raymond James Financial lifted their target price on Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Roth Capital restated a "buy" rating and issued a $24.00 target price (up from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Zacks Research lowered Revolve Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Piper Sandler boosted their target price on Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley boosted their target price on Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th.

Institutional Investors Weigh In On Revolve Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in Revolve Group in the 1st quarter worth approximately $25,000. CWM LLC lifted 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 worth $62,000 after buying an additional 836 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in shares of Revolve Group during the second quarter worth approximately $60,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Revolve Group during the second quarter worth approximately $68,000. Finally, Logan Capital Management Inc. lifted its holdings in shares of Revolve Group by 35.5% during the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company's stock worth $112,000 after buying an additional 1,463 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Trading Down 0.1%

Shares of RVLV opened at $20.78 on Friday. The business's 50-day moving average price is $22.12 and its 200 day moving average price is $21.04. The stock has a market capitalization of $1.48 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.27 and a beta of 1.88. Revolve Group has a 1-year low of $16.80 and a 1-year high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The company had revenue of $308.97 million for the quarter, compared to analysts' expectations of $297.91 million. During the same quarter in the previous year, the business posted $0.21 EPS. The business's revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts predict that Revolve Group will post 0.6 earnings per share for the current year.

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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