Revolve Group (RVLV) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Revolve Group in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RVLV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RVLV, but not buy additional shares or sell existing shares.
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14 Wall Street research analysts have issued 12 month target prices for Revolve Group's shares. Their RVLV share price forecasts range from $17.00 to $37.00. On average, they anticipate the company's stock price to reach $25.67 in the next twelve months. This suggests a possible upside of 55.3% from the stock's current price.
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Revolve Group's stock was trading at $22.26 at the beginning of 2023. Since then, RVLV shares have decreased by 25.7% and is now trading at $16.53.
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Revolve Group saw a increase in short interest in April. As of April 30th, there was short interest totaling 11,520,000 shares, an increase of 17.3% from the April 15th total of 9,820,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is presently 8.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Revolve Group, Inc. (NYSE:RVLV) announced its earnings results on Wednesday, May, 3rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The firm had revenue of $279.60 million for the quarter, compared to analysts' expectations of $290.14 million. Revolve Group had a net margin of 4.58% and a trailing twelve-month return on equity of 13.42%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share.

ETFs with the largest weight of Revolve Group (NYSE:RVLV) stock in their portfolio include ProShares Online Retail ETF (ONLN), ProShares Long Online/Short Stores ETF (CLIX), Amplify Online Retail ETF (IBUY), Future Fund Active ETF (FFND), SPDR S&P Retail ETF (XRT), Principal Millennial Global Growth ETF (GENY), Direxion Daily Retail Bull 3X Shares (RETL) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

46 employees have rated Revolve Group Chief Executive Officer Mike Karanikolas on Glassdoor.com. Mike Karanikolas has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Revolve Group investors own include NVIDIA (NVDA), Block (SQ), Alibaba Group (BABA), Walt Disney (DIS), Zoom Video Communications (ZM), Cisco Systems (CSCO), Marvell Technology (MRVL), Carnival Co. & (CCL), Teladoc Health (TDOC) and Tesla (TSLA).

(RVLV) raised $201 million in an IPO on Friday, June 7th 2019. The company issued 11,800,000 shares at $16.00-$18.00 per share. Morgan Stanley, Credit Suisse and BofA Merrill Lynch acted as the underwriters for the IPO and Barclays, Jefferies, Cowen, Guggenheim Securities, Raymond James and William Blair were co-managers.

Revolve Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RVLV."

Revolve Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (8.90%), FMR LLC (8.34%), William Blair Investment Management LLC (7.66%), BlackRock Inc. (3.82%), Fisher Asset Management LLC (3.44%) and UBS Group AG (0.00%). Insiders that own company stock include David Pujades, Hadley Mullin, Jesse Timmermans, LP Tsg6, Marc D Stolzman, Marc D Stolzman, Michael Mente and Mmmk Development, Inc.
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Shares of RVLV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RVLV stock can currently be purchased for approximately $16.53.

Revolve Group (NYSE:RVLV) has a market capitalization of $1.21 billion and generates $1.10 billion in revenue each year. The company earns $58.70 million in net income (profit) each year or $0.68 on an earnings per share basis.

The company employs 1,384 workers across the globe.

Revolve Group's mailing address is 12889 MOORE ST., CERRITOS CA, 90703. The official website for the company is www.revolve.com. The company can be reached via phone at (562) 677-9480 or via email at ir@revolve.com.