BTIG Research Boosts Revolve Group (NYSE:RVLV) Price Target to $26.00

Revolve Group (NYSE:RVLV) had its price objective increased by BTIG Research from $24.00 to $26.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on RVLV. Robert W. Baird raised their target price on shares of Revolve Group from $23.00 to $24.00 and gave the stock a neutral rating in a report on Wednesday, August 14th. BMO Capital Markets raised their target price on shares of Revolve Group from $13.00 to $15.00 and gave the stock a market perform rating in a report on Wednesday, May 8th. Roth Mkm raised their target price on shares of Revolve Group from $21.00 to $26.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Barclays cut their target price on shares of Revolve Group from $15.00 to $14.00 and set an underweight rating on the stock in a report on Thursday, July 18th. Finally, Needham & Company LLC restated a buy rating and issued a $25.00 target price on shares of Revolve Group in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $20.78.

Revolve Group Price Performance

Shares of RVLV opened at $24.05 on Friday. The firm has a market cap of $1.70 billion, a P/E ratio of 70.74, a P/E/G ratio of 2.13 and a beta of 2.09. The stock has a 50 day simple moving average of $17.83 and a two-hundred day simple moving average of $18.86. Revolve Group has a 1 year low of $12.25 and a 1 year high of $24.42.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. Revolve Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, equities analysts anticipate that Revolve Group will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. purchased a new position in Revolve Group during the first quarter valued at $45,000. Quarry LP purchased a new position in Revolve Group during the second quarter valued at $68,000. Assetmark Inc. lifted its position in Revolve Group by 8.3% during the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after buying an additional 631 shares during the period. American Century Companies Inc. purchased a new position in Revolve Group during the second quarter valued at $165,000. Finally, Handelsbanken Fonder AB purchased a new position in Revolve Group during the fourth quarter valued at $179,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Company Profile

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.