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

Shares of Revolve Group, Inc. (NYSE:RVLV) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.91.

A number of equities analysts have commented on the company. Needham & Company LLC raised their price objective on Revolve Group from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 target price on shares of Revolve Group in a report on Thursday, January 4th. Roth Mkm lifted their target price on Revolve Group from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Wedbush lifted their target price on Revolve Group from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group assumed coverage on Revolve Group in a report on Wednesday, January 10th. They set a “sell” rating and a $12.00 target price on the stock.

Revolve Group Stock Performance

Shares of NYSE RVLV opened at $21.17 on Friday. The stock has a 50 day moving average price of $18.11 and a 200 day moving average price of $15.80. Revolve Group has a 52 week low of $12.25 and a 52 week high of $26.76. The stock has a market capitalization of $1.50 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18.

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 analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $257.78 million during the quarter, compared to analysts’ expectations of $246.20 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. As a group, research analysts forecast that Revolve Group will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently made changes to their positions in RVLV. BlackRock Inc. lifted its position in shares of Revolve Group by 51.0% during the second quarter. BlackRock Inc. now owns 4,235,256 shares of the company’s stock worth $69,458,000 after acquiring an additional 1,430,242 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Revolve Group by 206.2% in the first quarter. Bank of America Corp DE now owns 989,500 shares of the company’s stock worth $26,024,000 after purchasing an additional 666,366 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Revolve Group by 8.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,075,525 shares of the company’s stock worth $116,039,000 after purchasing an additional 542,419 shares during the period. Balyasny Asset Management LLC bought a new position in shares of Revolve Group in the third quarter worth $11,277,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Revolve Group by 124.4% in the first quarter. Dimensional Fund Advisors LP now owns 735,132 shares of the company’s stock worth $19,333,000 after purchasing an additional 407,464 shares during the period. 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.