Revolve Group, Inc. (NYSE:RVLV) Receives Average Rating of “Hold” from Analysts

Revolve Group, Inc. (NYSE:RVLV) has received an average rating of “Hold” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. 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. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.50.

A number of equities analysts recently issued reports on the company. Evercore ISI increased their target price on Revolve Group from $17.00 to $20.00 and gave the stock an “in-line” rating in a report on Monday, May 6th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Revolve Group in a research note on Friday, May 17th. Robert W. Baird raised their price objective on Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. BMO Capital Markets raised their price objective on Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. Finally, Wedbush raised their price objective on Revolve Group from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th.

Revolve Group Stock Up 1.1 %

Shares of RVLV opened at $15.73 on Friday. Revolve Group has a 12-month low of $12.25 and a 12-month high of $23.19. The business’s fifty day moving average is $18.65 and its 200 day moving average is $18.19. The stock has a market cap of $1.11 billion, a P/E ratio of 46.26, a P/E/G ratio of 2.12 and a beta of 2.09.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. Revolve Group had a return on equity of 6.30% and a net margin of 2.34%. The company had revenue of $270.60 million for the quarter, compared to analysts’ expectations of $271.80 million. During the same period last year, the business earned $0.19 EPS. Revolve Group’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that Revolve Group will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in RVLV. Westfield Capital Management Co. LP purchased a new stake in Revolve Group in the 1st quarter worth about $33,735,000. Norden Group LLC increased its holdings in Revolve Group by 2,269.6% in the 1st quarter. Norden Group LLC now owns 367,200 shares of the company’s stock worth $7,774,000 after acquiring an additional 351,704 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Revolve Group during the 3rd quarter valued at about $3,820,000. Stephens Investment Management Group LLC grew its holdings in Revolve Group by 51.3% during the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after buying an additional 229,964 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Revolve Group during the 3rd quarter valued at about $2,945,000. 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.