Revolve Group (NYSE:RVLV) Shares Down 5.6% - What's Next?

Key Points

• Revolve Group's share price fell 5.6% to $22.60, with trading volume decreasing by 76% compared to its average daily volume.
• Analysts have given the stock a moderate buy rating with a consensus target price of $27.40, while several firms adjusted their price targets between $24.00 and $25.00.
• The company reported earnings of $0.14 per share for the last quarter, exceeding estimates and showing a 9.3% increase in revenue from the previous year.

Revolve Group, Inc. (NYSE:RVLV - Get Free Report)'s share price dropped 5.6% during mid-day trading on Friday . The stock traded as low as $22.67 and last traded at $22.60. Approximately 331,241 shares traded hands during trading, a decline of 76% from the average daily volume of 1,367,592 shares. The stock had previously closed at $23.93.

Analysts Set New Price Targets

RVLV has been the subject of several research analyst reports. Cowen reiterated a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. Morgan Stanley lifted their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Robert W. Baird lifted their target price on shares of Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Raymond James Financial boosted their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Piper Sandler boosted their price objective on shares of Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.40.

Revolve Group Trading Down 6.3%

The stock has a market capitalization of $1.60 billion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 2.56 and a beta of 1.94. The stock's fifty day moving average price is $21.56 and its two-hundred day moving average price is $21.32.

Revolve Group (NYSE:RVLV - Get Free Report) last posted 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 net margin of 3.83% and a return on equity of 10.17%. The company had revenue of $308.97 million during the quarter, compared to analyst estimates of $297.91 million. During the same period in the prior year, the business posted $0.21 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Revolve Group by 5,057.8% during the 1st quarter. GAMMA Investing LLC now owns 11,605 shares of the company's stock valued at $249,000 after buying an additional 11,380 shares during the last quarter. Deutsche Bank AG raised its holdings in Revolve Group by 6.2% during the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock valued at $1,704,000 after buying an additional 2,976 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Revolve Group by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company's stock valued at $2,481,000 after buying an additional 3,827 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Revolve Group by 5.6% during the 1st quarter. Principal Financial Group Inc. now owns 102,440 shares of the company's stock valued at $2,201,000 after buying an additional 5,390 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Revolve Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company's stock valued at $84,469,000 after buying an additional 98,413 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.

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