Revolve Group (NYSE:RVLV) Releases 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) issued its 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. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The firm had revenue of $308.97 million during the quarter, compared to analysts' expectations of $297.91 million. During the same quarter last year, the company posted $0.21 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year.

Revolve Group Stock Performance

Shares of RVLV traded down $0.28 during trading hours on Friday, hitting $19.46. The stock had a trading volume of 449,687 shares, compared to its average volume of 1,413,442. The company's fifty day simple moving average is $21.05 and its 200 day simple moving average is $22.81. The firm has a market cap of $1.39 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.64 and a beta of 1.98. Revolve Group has a 12-month low of $16.80 and a 12-month high of $39.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Revolve Group by 10.3% during the first 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. Caxton Associates LLP acquired a new position in shares of Revolve Group in the 1st quarter valued at about $232,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Revolve Group by 94.7% during the first quarter. AQR Capital Management LLC now owns 24,242 shares of the company's stock valued at $521,000 after acquiring an additional 11,793 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RVLV has been the topic of several recent analyst reports. Raymond James Financial increased their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Roth Capital reiterated a "buy" rating and issued a $24.00 target price (up previously from $19.00) on shares of Revolve Group in a report on Tuesday. Morgan Stanley raised their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday. Piper Sandler lifted their price target on Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.