Revolve Group (NYSE:RVLV) Receives $42.63 Average Price Target from Analysts

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Shares of Revolve Group (NYSE:RVLV) have been assigned a consensus recommendation of “Buy” from the ten research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $42.63.

Several equities analysts have recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $50.00 target price on shares of Revolve Group in a report on Friday, August 9th. Raymond James assumed coverage on shares of Revolve Group in a report on Tuesday, July 2nd. They set an “outperform” rating and a $40.00 target price for the company. Bank of America reaffirmed a “neutral” rating and set a $33.00 target price (down from $36.00) on shares of Revolve Group in a report on Friday, August 9th. William Blair assumed coverage on shares of Revolve Group in a report on Tuesday, July 2nd. They set an “outperform” rating for the company. Finally, Zacks Investment Research lowered shares of Revolve Group from a “hold” rating to a “sell” rating in a report on Friday.

A number of institutional investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Revolve Group in the 2nd quarter valued at $35,000. CenterStar Asset Management LLC acquired a new stake in Revolve Group in the 2nd quarter valued at $56,000. FNY Investment Advisers LLC acquired a new stake in Revolve Group in the 2nd quarter valued at $118,000. Gs Investments Inc. acquired a new stake in Revolve Group in the 2nd quarter valued at $178,000. Finally, Sfmg LLC acquired a new stake in Revolve Group in the 2nd quarter valued at $201,000. 18.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:RVLV traded down $1.40 during trading on Thursday, hitting $21.20. 840,234 shares of the stock traded hands, compared to its average volume of 1,048,580. The business’s fifty day simple moving average is $23.16. Revolve Group has a 52-week low of $20.70 and a 52-week high of $48.36.

Revolve Group (NYSE:RVLV) last posted its earnings results on Thursday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $161.90 million for the quarter, compared to analysts’ expectations of $159.93 million. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. As a group, equities research analysts forecast that Revolve Group will post 0.56 EPS for the current year.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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