Revolve Group, Inc. (NYSE:RVLV) Stock Has Average Target Price of $29.69 According to Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.69.

Several analysts have issued reports on the stock. Raymond James Financial lowered their price objective on shares of Revolve Group from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. UBS Group reduced their target price on shares of Revolve Group from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wall Street Zen cut shares of Revolve Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. BTIG Research restated a “buy” rating and issued a $35.00 target price on shares of Revolve Group in a research note on Wednesday. Finally, Roth Capital reaffirmed a “buy” rating and set a $37.00 price target on shares of Revolve Group in a report on Wednesday, August 5th.

Revolve Group Price Performance

Shares of NYSE RVLV opened at $22.39 on Wednesday. Revolve Group has a 1-year low of $17.35 and a 1-year high of $31.68. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.92 and a beta of 1.70. The business has a 50-day moving average of $21.76 and a 200-day moving average of $23.38.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $347.41 million for the quarter, compared to the consensus estimate of $341.91 million. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Research analysts expect that Revolve Group will post 0.80 EPS for the current fiscal year.

Institutional Trading of Revolve Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Cooper Creek Partners Management LLC grew its stake in Revolve Group by 36.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock valued at $46,785,000 after purchasing an additional 555,153 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Revolve Group by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock worth $20,444,000 after purchasing an additional 55,734 shares during the last quarter. Bank of America Corp DE raised its position in shares of Revolve Group by 48.2% in the 1st quarter. Bank of America Corp DE now owns 624,985 shares of the company’s stock valued at $14,131,000 after purchasing an additional 203,216 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Revolve Group by 63.0% in the 1st quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company’s stock valued at $11,613,000 after purchasing an additional 198,448 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Revolve Group by 9.8% in the 2nd quarter. Squarepoint Ops LLC now owns 182,224 shares of the company’s stock valued at $4,171,000 after purchasing an additional 16,228 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

About Revolve Group

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.