Stifel Nicolaus Boosts Revolve Group (NYSE:RVLV) Price Target to $24.00

Revolve Group (NYSE:RVLV) had its price target hoisted by stock analysts at Stifel Nicolaus from $20.00 to $24.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 23.33% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley assumed coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They set an “equal weight” rating on the stock. TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $23.00 to $25.00 in a report on Thursday, March 21st. The Goldman Sachs Group assumed coverage on shares of Revolve Group in a report on Wednesday, January 10th. They issued a “sell” rating and a $12.00 target price for the company. Barclays raised their target price on shares of Revolve Group from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. Finally, BTIG Research raised their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.09.

Revolve Group Trading Up 0.2 %

NYSE RVLV traded up $0.03 on Friday, reaching $19.46. 244,081 shares of the stock were exchanged, compared to its average volume of 1,080,621. Revolve Group has a one year low of $12.25 and a one year high of $23.19. The firm has a market capitalization of $1.38 billion, a PE ratio of 51.71, a PEG ratio of 1.39 and a beta of 2.17. The company’s 50-day simple moving average is $19.76 and its two-hundred day simple moving average is $16.69.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, February 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $257.78 million for the quarter, compared to analysts’ expectations of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. Sell-side analysts forecast that Revolve Group will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in RVLV. CWM LLC raised its holdings in shares of Revolve Group by 761.5% in the third quarter. CWM LLC now owns 2,929 shares of the company’s stock valued at $40,000 after acquiring an additional 2,589 shares in the last quarter. Raymond James & Associates raised its holdings in Revolve Group by 43.2% in the third quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock worth $3,421,000 after purchasing an additional 75,832 shares in the last quarter. Assetmark Inc. raised its holdings in Revolve Group by 11.7% in the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after purchasing an additional 797 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Revolve Group by 50.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,725 shares of the company’s stock worth $268,000 after purchasing an additional 6,657 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Revolve Group by 27.0% in the third quarter. Principal Financial Group Inc. now owns 38,344 shares of the company’s stock worth $522,000 after purchasing an additional 8,157 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.