Piper Sandler Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

Key Points

• Revolve Group's price target was raised by Piper Sandler from $22.00 to $25.00, with an "overweight" rating, indicating a potential upside of 32.36% from its previous close.
• Several firms adjusted their targets for Revolve Group; Raymond James set their target at $25.00, while UBS raised theirs to $22.00, reflecting a generally positive sentiment among analysts.
• Revolve Group reported a quarterly EPS of $0.14, beating estimates, with revenues of $308.97 million, marking a 9.3% increase from the previous year.

Revolve Group (NYSE:RVLV - Free Report) had its price objective boosted by Piper Sandler from $22.00 to $25.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Roth Capital reiterated a "buy" rating and set a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Cowen reiterated a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. KeyCorp reduced their price objective on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, Robert W. Baird upped their target price on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.40.

Revolve Group Trading Down 0.6%

NYSE:RVLV traded down $0.12 during trading hours on Wednesday, hitting $19.61. 1,466,231 shares of the company were exchanged, compared to its average volume of 1,396,000. The company has a fifty day simple moving average of $21.03 and a 200 day simple moving average of $22.61. Revolve Group has a one year low of $16.80 and a one year high of $39.58. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 2.15 and a beta of 1.98.

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

Hedge Funds Weigh In On Revolve Group

A number of institutional investors have recently added to or reduced their stakes in RVLV. Summit Securities Group LLC purchased a new position in Revolve Group during the first quarter valued at $25,000. Castlekeep Investment Advisors LLC bought a new stake in Revolve Group in the 4th quarter worth about $65,000. CWM LLC increased its holdings in Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after buying an additional 836 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in shares of Revolve Group during the second quarter valued at approximately $60,000. Finally, Neo Ivy Capital Management purchased a new stake in Revolve Group during the 4th quarter valued at $156,000. 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.