Revolve Group (NYSE:RVLV) Trading 6.1% Higher - What's Next?

Key Points

• Revolve Group's stock price rose by 6.1% to $23.70, with significant trading activity declining to 510,081 shares from an average of 1,366,430 shares.
• Analysts have shown positive sentiment, raising Revolve Group's price targets; the consensus rating is a "Moderate Buy" with a target of $27.40.
• The company reported a quarterly earnings per share of $0.14, exceeding estimates and marking a 9.3% increase in revenue compared to last year.

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) rose 6.1% during mid-day trading on Monday . The company traded as high as $23.74 and last traded at $23.70. Approximately 510,081 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 1,366,430 shares. The stock had previously closed at $22.34.

Wall Street Analyst Weigh In

RVLV has been the subject of a number of analyst reports. Cowen reissued a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. Morgan Stanley lifted their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Piper Sandler raised their target price 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. Raymond James Financial raised their target price 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, UBS Group reiterated a "neutral" rating and set a $22.00 price objective (up previously from $19.00) on shares of Revolve Group in a report on Friday, July 25th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Trading Down 1.7%

The firm has a market cap of $1.69 billion, a PE ratio of 38.18, a P/E/G ratio of 2.63 and a beta of 1.94. The business's 50-day simple moving average is $21.86 and its 200 day simple moving average is $21.21.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its 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. The business had revenue of $308.97 million for the quarter, compared to the consensus estimate of $297.91 million. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RVLV. Ameriprise Financial Inc. raised its stake in shares of Revolve Group by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company's stock worth $341,000 after acquiring an additional 1,364 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Revolve Group by 6.2% during the 4th quarter. Deutsche Bank AG now owns 50,884 shares of the company's stock worth $1,704,000 after acquiring an additional 2,976 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Revolve Group by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock worth $730,000 after acquiring an additional 668 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Revolve Group during the 4th quarter worth approximately $1,373,000. Finally, Two Sigma Investments LP raised its stake in shares of Revolve Group by 29.4% during the 4th quarter. Two Sigma Investments LP now owns 296,655 shares of the company's stock worth $9,935,000 after acquiring an additional 67,322 shares in the last quarter. 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.