Revolve Group (NYSE:RVLV) Trading Down 4.1% - Time to Sell?

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) shares traded down 4.1% during trading on Tuesday . The company traded as low as $22.03 and last traded at $21.60. 196,281 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,192,363 shares. The stock had previously closed at $22.53.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays reiterated a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Friday, March 14th. UBS Group decreased their price objective on Revolve Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Cowen restated a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. Finally, Piper Sandler reduced their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.20.

Revolve Group Trading Down 3.2%

The company has a 50 day simple moving average of $20.20 and a 200-day simple moving average of $26.27. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 36.21, a P/E/G ratio of 1.48 and a beta of 2.02.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. During the same quarter last year, the business posted $0.15 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of Revolve Group by 3.4% in the first quarter. Rhumbline Advisers now owns 55,133 shares of the company's stock valued at $1,185,000 after acquiring an additional 1,788 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Revolve Group by 10.3% in 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 valued at $2,344,000 after acquiring an additional 10,146 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Revolve Group in the first quarter valued at about $232,000. Dynamic Technology Lab Private Ltd increased its position in shares of Revolve Group by 29.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 25,240 shares of the company's stock valued at $542,000 after acquiring an additional 5,775 shares during the last quarter. Finally, Petrus Trust Company LTA acquired a new stake in shares of Revolve Group in the first quarter valued at about $203,000. 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.