Revolve Group (NYSE:RVLV) Trading Up 4.5% – Here’s What Happened

Revolve Group, Inc. (NYSE:RVLV)’s share price shot up 4.5% on Thursday . The company traded as high as $20.44 and last traded at $20.3720. Approximately 296,160 shares were traded during trading, a decline of 71% from the average session volume of 1,031,767 shares. The stock had previously closed at $19.49.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Revolve Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. BTIG Research reiterated a “buy” rating and set a $35.00 target price on shares of Revolve Group in a research note on Friday, August 21st. UBS Group increased their price target on Revolve Group from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. TD Cowen raised their price target on Revolve Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded Revolve Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.08.

Revolve Group Stock Up 3.1%

The company has a market cap of $1.50 billion, a PE ratio of 20.91, a P/E/G ratio of 2.54 and a beta of 1.61. The business’s fifty day moving average is $23.72 and its 200-day moving average is $22.92.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The company had revenue of $347.41 million during the quarter, compared to analyst estimates of $341.91 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts forecast that Revolve Group, Inc. will post 0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently modified their holdings of RVLV. Kestra Advisory Services LLC bought a new position in Revolve Group in the 4th quarter worth $40,000. Integrated Wealth Concepts LLC purchased a new stake in Revolve Group in the second quarter worth about $46,000. Quarry LP raised its stake in shares of Revolve Group by 6,932.1% in the third quarter. Quarry LP now owns 3,727 shares of the company’s stock worth $79,000 after buying an additional 3,674 shares during the period. Quantbot Technologies LP purchased a new position in shares of Revolve Group during the 2nd quarter valued at about $159,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Revolve Group during the 4th quarter valued at approximately $216,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.