Revolve Group (NYSE:RVLV) Trading Down 5.2%

Revolve Group, Inc. (NYSE:RVLV)’s stock price was down 5.2% during trading on Monday . The stock traded as low as $23.29 and last traded at $23.36. Approximately 284,823 shares changed hands during trading, a decline of 72% from the average daily volume of 1,035,461 shares. The stock had previously closed at $24.65.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, July 18th. BTIG Research raised their target price on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and issued a $30.00 price target on shares of Revolve Group in a research report on Friday, August 23rd. Robert W. Baird boosted their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, TD Cowen lifted their price target on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.44.

Revolve Group Stock Down 3.5 %

The company has a market capitalization of $1.68 billion, a P/E ratio of 72.50, a PEG ratio of 2.29 and a beta of 2.04. The company’s fifty day moving average price is $20.55 and its 200 day moving average price is $19.77.

Revolve Group (NYSE:RVLV) last released 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 company had revenue of $282.50 million for 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 quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Research analysts predict that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Large investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Revolve Group during the 1st quarter valued at $45,000. Quarry LP bought a new position in shares of Revolve Group in the second quarter valued at $68,000. Assetmark Inc. boosted its position in shares of 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 last quarter. American Century Companies Inc. purchased a new stake in shares of Revolve Group in the second quarter valued at about $165,000. Finally, Pier 88 Investment Partners LLC purchased a new position in Revolve Group in the second quarter worth $182,000. 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.