Piper Sandler Forecasts Strong Price Appreciation for Revolve Group (NYSE:RVLV) Stock

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 hoisted by Piper Sandler from $22.00 to $25.00 in a research note released on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on RVLV. Stifel Nicolaus cut their price objective on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Roth Capital reissued a "buy" rating and issued a $24.00 price objective (up previously from $19.00) on shares of Revolve Group in a report on Tuesday. UBS Group reiterated a "neutral" rating and set a $22.00 target price (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. KeyCorp reduced their price objective on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Finally, Cowen reissued a "buy" rating on shares of Revolve Group 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 given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Stock Performance

RVLV traded down $0.28 during trading on Wednesday, reaching $19.46. 449,687 shares of the company's stock were exchanged, compared to its average volume of 1,413,442. The company's fifty day moving average price is $21.05 and its 200-day moving average price is $22.81. The firm has a market capitalization of $1.39 billion, a PE ratio of 31.47, a P/E/G ratio of 2.64 and a beta of 1.98. Revolve Group has a fifty-two week low of $16.80 and a fifty-two week high of $39.58.

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

Hedge Funds Weigh In On Revolve Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Revolve Group during the first quarter valued at approximately $25,000. Castlekeep Investment Advisors LLC bought a new position in shares of Revolve Group in the fourth quarter valued at $65,000. CWM LLC grew its holdings in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after buying an additional 836 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of Revolve Group in the 2nd quarter worth about $60,000. Finally, Neo Ivy Capital Management bought a new position in Revolve Group in the 4th quarter valued at about $156,000. Institutional investors and hedge funds 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.