Revolve Group (NYSE:RVLV) Announces Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Revolve Group reported earnings of $0.14 per share, exceeding analysts' expectations of $0.11 by $0.03, with a return on equity of 11.76%.
• Shares of RVLV increased by 1.8% to reach $20.77, with a market capitalization of $1.48 billion.
• Several analysts raised their target prices for Revolve Group, with a consensus rating of "Moderate Buy" and a target price of $26.56.

Revolve Group (NYSE:RVLV - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02, Zacks reports. The firm had revenue of $308.97 million during the quarter, compared to analysts' expectations of $297.91 million. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share.

Revolve Group Price Performance

Revolve Group stock traded down $0.12 during mid-day trading on Friday, reaching $19.61. The company had a trading volume of 1,466,231 shares, compared to its average volume of 1,372,412. Revolve Group has a 1 year low of $16.80 and a 1 year high of $39.58. The company has a market capitalization of $1.40 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.22 and a beta of 1.98. The stock's 50-day simple moving average is $21.03 and its 200-day simple moving average is $22.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Revolve Group by 10.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,066 shares of the company's stock worth $2,344,000 after purchasing an additional 10,146 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Revolve Group by 94.7% during the 1st quarter. AQR Capital Management LLC now owns 24,242 shares of the company's stock worth $521,000 after purchasing an additional 11,793 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Revolve Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company's stock worth $489,000 after purchasing an additional 964 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Revolve Group during the 1st quarter worth approximately $232,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RVLV has been the subject of several analyst reports. KeyCorp cut their price target on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Piper Sandler increased their price target on shares of Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday. Robert W. Baird increased their price target on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Roth Capital reissued a "buy" rating and set a $24.00 price target (up from $19.00) on shares of Revolve Group in a report on Tuesday. Finally, Morgan Stanley increased their price target on shares of Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Revolve Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.40.

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.