Revolve Group, Inc. (NYSE:RVLV) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Revolve Group, Inc. has received a consensus rating of "Moderate Buy" from analysts, with one sell rating, five hold ratings, and ten buy ratings among the sixteen brokerages covering the company.
• Raymond James Financial and Piper Sandler have recently increased their price targets for Revolve Group to $25.00, while Roth Capital raised theirs to $24.00.
• Revolve Group reported a 9.3% year-over-year increase in revenue, with earnings per share of $0.14, surpassing analysts' expectations of $0.12 during the last earnings report.

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned 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.

A number of equities analysts have commented on RVLV shares. Robert W. Baird upped their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. Piper Sandler lifted their price objective on Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, KeyCorp reduced their target price on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th.

Revolve Group Trading Down 1.4%

Shares of Revolve Group stock traded down $0.31 during trading on Friday, hitting $22.38. The stock had a trading volume of 751,228 shares, compared to its average volume of 1,492,128. The business's 50-day moving average is $21.13 and its 200 day moving average is $21.71. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 2.44 and a beta of 1.94. Revolve Group has a 12 month low of $16.80 and a 12 month high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $308.97 million during the quarter, compared to the consensus estimate of $297.91 million. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, equities analysts expect that Revolve Group will post 0.6 EPS for the current year.

Institutional Trading of Revolve Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in Revolve Group by 6,190.7% during the first quarter. Millennium Management LLC now owns 986,693 shares of the company's stock worth $21,204,000 after buying an additional 1,002,893 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Revolve Group by 830.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company's stock valued at $20,248,000 after acquiring an additional 901,396 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Revolve Group by 80.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,775,735 shares of the company's stock valued at $35,603,000 after purchasing an additional 790,205 shares during the period. Marshall Wace LLP increased its position in Revolve Group by 2,036.0% in the second quarter. Marshall Wace LLP now owns 544,678 shares of the company's stock worth $10,921,000 after buying an additional 519,178 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Revolve Group by 27.3% in the first 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. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Company Profile

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.