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 16 analysts, with price targets ranging from $22.00 to $27.40.
• The company reported $0.14 earnings per share, exceeding estimates, with revenues reaching $308.97 million, a 9.3% increase from the previous year.
• Institutional ownership stands at 67.60%, indicating strong interest from major investors, with several firms increasing their stakes in the company recently.

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

A number of brokerages have weighed in on RVLV. Morgan Stanley lifted their price target on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Roth Capital reaffirmed a "buy" rating and issued a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Piper Sandler lifted their price target on shares of Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Robert W. Baird lifted their price target on shares of Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $22.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Friday, July 25th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in shares of Revolve Group in the first quarter valued at approximately $25,000. CWM LLC raised its holdings in shares of Revolve Group by 40.4% in the first 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 last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of Revolve Group in the second quarter valued at approximately $60,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Revolve Group in the second quarter valued at approximately $68,000. Finally, Logan Capital Management Inc. raised its holdings in shares of Revolve Group by 35.5% in the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company's stock valued at $112,000 after purchasing an additional 1,463 shares during the last quarter. Institutional investors own 67.60% of the company's stock.

Revolve Group Price Performance

Revolve Group stock opened at $23.22 on Tuesday. The company's 50 day simple moving average is $21.90 and its 200 day simple moving average is $21.17. Revolve Group has a fifty-two week low of $16.80 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.57 and a beta of 1.94.

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

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.

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