Revolve Group (NYSE:RVLV) Stock Price Up 7.7% - What's Next?

Revolve Group, Inc. (NYSE:RVLV - Get Free Report)'s stock price rose 7.7% on Thursday . The stock traded as high as $22.39 and last traded at $22.40. Approximately 571,997 shares traded hands during trading, a decline of 53% from the average daily volume of 1,208,345 shares. The stock had previously closed at $20.80.

Analysts Set New Price Targets

RVLV has been the subject of several research reports. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a report on Friday, March 14th. KeyCorp dropped their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Piper Sandler dropped their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, April 11th. UBS Group dropped their price target on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Raymond James Financial lowered their price objective on Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Revolve Group has an average rating of "Moderate Buy" and an average target price of $26.20.

Revolve Group Trading Down 1.0%

The company has a 50 day moving average price of $20.50 and a 200-day moving average price of $24.18. The company has a market cap of $1.54 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 3.15 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. Revolve Group's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. Summit Securities Group LLC bought a new stake in Revolve Group during the 1st quarter worth $25,000. CWM LLC lifted its holdings in Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after buying an additional 836 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in Revolve Group during the 4th quarter worth about $65,000. Northwest & Ethical Investments L.P. acquired a new position in Revolve Group during the 4th quarter worth about $87,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Revolve Group during the 4th quarter worth about $117,000. 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.