Revolve Group (NYSE:RVLV) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has raised its price target for Revolve Group (NYSE:RVLV) from $19.00 to $22.00, suggesting a potential upside of 0.47% from the current stock price.
• Revolve Group recently reported a quarterly earnings per share (EPS) of $0.16, exceeding analysts' expectations of $0.13, alongside a revenue of $296.71 million, reflecting a 9.7% year-over-year growth.
• The stock has received mixed ratings from analysts, with one sell rating, six hold ratings, and nine buy ratings, resulting in an average rating of Moderate Buy.
• Institutional investors hold 67.60% of Revolve Group's stock, with notable increases in positions by firms like Millennium Management and Balyasny Asset Management.

Revolve Group (NYSE:RVLV - Get Free Report) had its price target increased by stock analysts at UBS Group from $19.00 to $22.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price indicates a potential upside of 1.15% from the stock's current price.

A number of other equities research analysts have also recently commented on the company. KeyCorp decreased their price target on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird upped their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Raymond James Financial upped their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday. Barclays restated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Finally, Morgan Stanley upped their price objective on shares of Revolve Group from $19.00 to $22.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of "Moderate Buy" and an average price target of $26.73.

Revolve Group Trading Up 2.3%

Shares of NYSE:RVLV traded up $0.48 during trading on Friday, reaching $21.75. The stock had a trading volume of 998,667 shares, compared to its average volume of 1,046,211. Revolve Group has a one year low of $16.80 and a one year high of $39.58. The company has a market capitalization of $1.55 billion, a P/E ratio of 31.52, a PEG ratio of 2.96 and a beta of 1.98. The firm's 50-day simple moving average is $20.95 and its 200 day simple moving average is $23.33.

Revolve Group (NYSE:RVLV - Get Free Report) last released 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 net margin of 4.37% and a return on equity of 11.76%. The business had revenue of $296.71 million for the quarter, compared to analysts' expectations of $297.56 million. During the same period last year, the business earned $0.15 EPS. The company's revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in Revolve Group in the first quarter valued at approximately $25,000. CWM LLC grew its holdings in Revolve Group by 40.4% in the first quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after purchasing an additional 836 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group during the fourth quarter valued at approximately $65,000. Wallace Advisory Group LLC acquired a new position in shares of Revolve Group during the first quarter valued at approximately $136,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Revolve Group during the fourth quarter valued at approximately $156,000. 67.60% of the stock is owned by institutional investors and hedge funds.

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.