Revolve Group, Inc. (NYSE:RVLV) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.20.

Several brokerages have issued reports on RVLV. Piper Sandler dropped their target price on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Raymond James Financial dropped their target price on Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research report on Friday, March 14th. Robert W. Baird raised their target price on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Finally, UBS Group decreased their price objective on Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

Revolve Group Price Performance

Revolve Group stock opened at $20.81 on Thursday. Revolve Group has a one year low of $15.06 and a one year high of $39.58. The stock has a market capitalization of $1.48 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.01 and a beta of 1.98. The business's fifty day moving average is $20.41 and its 200 day moving average is $24.34.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its 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 business had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The business's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. As a group, sell-side analysts expect that Revolve Group will post 0.6 EPS for the current fiscal year.

Institutional Trading of Revolve Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in Revolve Group during the 1st quarter valued at approximately $25,000. Castlekeep Investment Advisors LLC bought a new stake in Revolve Group during the 4th quarter valued at approximately $65,000. Northwest & Ethical Investments L.P. bought a new stake in Revolve Group during the 4th quarter valued at approximately $87,000. CWM LLC raised its stake in Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after purchasing an additional 836 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Revolve Group during the 4th quarter valued at approximately $117,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.