Revolve Group (NYSE:RVLV) Shares Up 7.7% - Should You Buy?

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird increased their price objective on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Piper Sandler lowered their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Raymond James Financial lowered their price target on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, Cowen restated a "buy" rating on shares of Revolve Group in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.20.

Revolve Group Stock Down 1.0%

The stock has a market capitalization of $1.54 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 3.12 and a beta of 1.98. The stock has a fifty day moving average of $20.50 and a 200-day moving average of $24.11.

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

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. Charles Schwab Investment Management Inc. raised its stake in Revolve Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock valued at $10,673,000 after buying an additional 3,470 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Revolve Group during the fourth quarter worth about $333,000. AlphaQuest LLC increased its position in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after purchasing an additional 396 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Revolve Group by 86.3% during the fourth quarter. HighTower Advisors LLC now owns 18,782 shares of the company's stock worth $629,000 after purchasing an additional 8,702 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Revolve Group by 484.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,656 shares of the company's stock worth $2,701,000 after purchasing an additional 66,855 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.