Revolve Group (NYSE:RVLV) Trading 6.1% Higher - Time to Buy?

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 trading on Monday . The stock traded as high as $23.74 and last traded at $23.70. Approximately 510,081 shares changed hands during 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

Several research analysts recently weighed in on the stock. Raymond James Financial upped their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Robert W. Baird increased their price target on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Cowen restated a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. Piper Sandler increased their target price on Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley raised their price target on Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Revolve Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Stock Up 6.5%

The company has a fifty day moving average price of $21.58 and a 200 day moving average price of $21.20. The stock has a market cap of $1.70 billion, a PE ratio of 38.37, a P/E/G ratio of 2.44 and a beta of 1.94.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $308.97 million for the quarter, compared to analyst estimates of $297.91 million. During the same period last year, the company earned $0.21 EPS. Revolve Group's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Revolve Group by 2.6% during the first 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 period. Fuller & Thaler Asset Management Inc. lifted its holdings in Revolve Group by 27.3% in the first 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 during the period. William Blair Investment Management LLC grew 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 acquiring an additional 790,205 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Revolve Group by 830.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company's stock worth $20,248,000 after acquiring an additional 901,396 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Revolve Group by 6,190.7% in the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company's stock valued at $21,204,000 after purchasing an additional 1,002,893 shares during the period. 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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