Brokerages Set Revolve Group, Inc. (NYSE:RVLV) PT at $26.20

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.20.

A number of research firms have recently commented on RVLV. BMO Capital Markets raised their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. Roth Mkm reaffirmed a "buy" rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Piper Sandler reduced their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Raymond James Financial reduced their price objective on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th.

Revolve Group Stock Up 1.9%

NYSE RVLV traded up $0.38 during midday trading on Friday, hitting $20.90. The company had a trading volume of 1,037,490 shares, compared to its average volume of 1,200,149. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 2.97 and a beta of 2.02. The firm has a fifty day simple moving average of $20.19 and a two-hundred day simple moving average of $25.94. Revolve Group has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

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

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in shares of Revolve Group in the first quarter worth about $25,000. Venturi Wealth Management LLC raised its stake in shares of Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after acquiring an additional 1,250 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Revolve Group in the fourth quarter worth about $65,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Revolve Group during the fourth quarter worth approximately $87,000. Finally, CWM LLC raised its stake 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. 67.60% of the stock is owned by institutional investors.

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.