Revolve Group (NYSE:RVLV) Stock Price Down 5.6% - Time to Sell?

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) shares dropped 5.6% on Friday . The company 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.

Analyst Ratings Changes

RVLV has been the subject of a number of research reports. Piper Sandler lifted their target price on Revolve Group from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Roth Capital reaffirmed a "buy" rating and issued a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. UBS Group reaffirmed a "neutral" rating and issued a $22.00 price target (up previously from $19.00) on shares of Revolve Group in a research note on Friday, July 25th. Finally, Morgan Stanley boosted their price target on Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Stock Up 0.3%

The company has a 50 day moving average price of $21.77 and a 200-day moving average price of $21.22. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 2.60 and a beta of 1.94.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The company had revenue of $308.97 million during the quarter, compared to the consensus estimate of $297.91 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Trading of Revolve Group

Several institutional investors have recently added to or reduced their stakes in RVLV. Millennium Management LLC boosted its holdings in shares of Revolve Group by 6,190.7% during the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company's stock worth $21,204,000 after buying an additional 1,002,893 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Revolve Group by 830.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company's stock worth $20,248,000 after buying an additional 901,396 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Revolve Group by 80.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,775,735 shares of the company's stock worth $35,603,000 after buying an additional 790,205 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Revolve Group by 2,036.0% during the 2nd quarter. Marshall Wace LLP now owns 544,678 shares of the company's stock worth $10,921,000 after buying an additional 519,178 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Revolve Group by 27.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company's stock worth $50,800,000 after buying an additional 506,225 shares in 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.