Revolve Group (NYSE:RVLV) Trading Down 4.1% - What's Next?

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Barclays reiterated a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. BMO Capital Markets upped their target price on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Raymond James lowered their target price on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, Piper Sandler lowered their target price on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.20.

Revolve Group Stock Down 2.8%

The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 1.48 and a beta of 2.02. The business's fifty day moving average is $20.10 and its two-hundred day moving average is $26.55.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in 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 grew its stake 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 during the period. Caxton Associates LLP acquired a new stake in shares of Revolve Group during the first quarter worth $232,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Revolve Group by 29.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 25,240 shares of the company's stock worth $542,000 after purchasing an additional 5,775 shares during the period. Finally, Petrus Trust Company LTA acquired a new stake in shares of Revolve Group during the first quarter worth $203,000. 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.