Revolve Group (NYSE:RVLV) Sets New 1-Year Low at $20.60

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Revolve Group (NYSE:RVLV) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.60 and last traded at $20.88, with a volume of 4482 shares. The stock had previously closed at $21.07.

A number of research firms have issued reports on RVLV. Barclays began coverage on shares of Revolve Group in a report on Tuesday, July 2nd. They set an “equal weight” rating and a $32.00 price objective on the stock. Cowen began coverage on shares of Revolve Group in a report on Tuesday, July 2nd. They set an “outperform” rating and a $42.00 price objective on the stock. Zacks Investment Research downgraded shares of Revolve Group from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James began coverage on shares of Revolve Group in a report on Tuesday, July 2nd. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $50.00 price objective on shares of Revolve Group in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $42.63.

The company has a 50 day simple moving average of $23.11.

Revolve Group (NYSE:RVLV) last released its earnings results on Thursday, August 8th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $161.90 million during the quarter, compared to the consensus estimate of $159.93 million. The company’s revenue was up 22.8% compared to the same quarter last year. Sell-side analysts expect that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RVLV. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Revolve Group during the 2nd quarter worth $35,000. CenterStar Asset Management LLC bought a new stake in shares of Revolve Group during the 2nd quarter worth $56,000. FNY Investment Advisers LLC bought a new stake in shares of Revolve Group during the 2nd quarter worth $118,000. Gs Investments Inc. bought a new stake in shares of Revolve Group during the 2nd quarter worth $178,000. Finally, Sfmg LLC bought a new stake in shares of Revolve Group during the 2nd quarter worth $201,000. Institutional investors own 18.47% of the company’s stock.

About Revolve Group (NYSE:RVLV)

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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