Revolve Group (NYSE:RVLV) Trading Up 3.3%

Revolve Group, Inc. (NYSE:RVLV)’s stock price shot up 3.3% on Monday . The stock traded as high as $19.33 and last traded at $19.32. Approximately 253,474 shares traded hands during trading, a decline of 77% from the average session volume of 1,111,474 shares. The stock had previously closed at $18.71.

Analysts Set New Price Targets

A number of analysts recently commented on RVLV shares. TD Cowen upgraded shares of Revolve Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $23.00 to $25.00 in a report on Thursday, March 21st. Stifel Nicolaus increased their price objective on Revolve Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Robert W. Baird restated a “neutral” rating and issued a $17.00 target price on shares of Revolve Group in a report on Thursday, January 4th. Morgan Stanley assumed coverage on Revolve Group in a research report on Wednesday, February 28th. They set an “equal weight” rating on the stock. Finally, Piper Sandler increased their price target on Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Revolve Group has a consensus rating of “Hold” and an average price target of $18.85.

Revolve Group Stock Down 0.5 %

The business has a 50-day moving average of $19.36 and a 200-day moving average of $16.46. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 49.34, a PEG ratio of 1.32 and a beta of 2.17.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $257.78 million during the quarter, compared to analyst estimates of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. Revolve Group’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. Equities analysts anticipate that Revolve Group, Inc. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in RVLV. Signaturefd LLC boosted its stake in Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after buying an additional 1,493 shares in the last quarter. CWM LLC boosted its holdings in shares of Revolve Group by 761.5% during the 3rd 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. Systematic Financial Management LP bought a new position in Revolve Group during the first quarter worth $88,000. PNC Financial Services Group Inc. lifted its holdings in Revolve Group by 36.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,109 shares of the company’s stock valued at $91,000 after buying an additional 1,089 shares during the period. Finally, Assetmark Inc. boosted its position in Revolve Group by 11.7% during the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after acquiring an additional 797 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.