Revolve Group, Inc. (NYSE:RVLV) Receives $26.20 Average PT from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are covering the stock, MarketBeat reports. One 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 objective among brokers that have issued a report on the stock in the last year is $26.20.

Several brokerages recently weighed in on RVLV. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a report on Friday, June 6th. KeyCorp decreased their target price on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Raymond James Financial dropped their price target on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. Finally, Morgan Stanley decreased their price objective on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th.

Revolve Group Stock Performance

Shares of RVLV stock traded up $1.10 during mid-day trading on Thursday, reaching $21.90. 1,713,414 shares of the company's stock traded hands, compared to its average volume of 1,212,407. Revolve Group has a 12 month low of $15.06 and a 12 month high of $39.58. The firm has a 50 day moving average price of $20.41 and a two-hundred day moving average price of $24.34. The firm has a market capitalization of $1.56 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.01 and a beta of 1.98.

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

Institutional Investors Weigh In On Revolve Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in shares of Revolve Group by 6,190.7% in the first quarter. Millennium Management LLC now owns 986,693 shares of the company's stock valued at $21,204,000 after purchasing an additional 1,002,893 shares during the period. Balyasny Asset Management L.P. raised its position in Revolve Group by 596.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after purchasing an additional 681,451 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Revolve Group by 27.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company's stock worth $50,800,000 after buying an additional 506,225 shares during the period. Driehaus Capital Management LLC bought a new position in shares of Revolve Group during the 4th quarter worth $14,531,000. Finally, Raymond James Financial Inc. grew its position in shares of Revolve Group by 4,131.2% during the 1st quarter. Raymond James Financial Inc. now owns 421,043 shares of the company's stock worth $9,048,000 after buying an additional 411,092 shares in 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.