Stifel Nicolaus Raises Revolve Group (NYSE:RVLV) Price Target to $24.00

Revolve Group (NYSE:RVLV) had its price objective boosted by Stifel Nicolaus from $20.00 to $24.00 in a research note issued to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts have also recently commented on RVLV. Morgan Stanley started coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They set an equal weight rating for the company. TD Cowen raised Revolve Group from a market perform rating to an outperform rating and raised their target price for the stock from $23.00 to $25.00 in a research note on Thursday, March 21st. Jefferies Financial Group reiterated a hold rating and issued a $17.00 target price on shares of Revolve Group in a report on Thursday, January 4th. Needham & Company LLC increased their price target on Revolve Group from $16.00 to $23.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Finally, Wedbush lifted their price objective on shares of Revolve Group from $12.00 to $17.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Revolve Group has an average rating of Hold and an average target price of $19.09.

Revolve Group Stock Performance

RVLV stock opened at $20.23 on Friday. The company has a market capitalization of $1.43 billion, a P/E ratio of 53.24, a PEG ratio of 1.39 and a beta of 2.17. The company has a fifty day moving average price of $19.88 and a 200-day moving average price of $16.79. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, February 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $257.78 million for the quarter, compared to the consensus estimate of $246.20 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, sell-side analysts forecast that Revolve Group will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Revolve Group by 452.4% during the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after acquiring an additional 1,493 shares during the last quarter. CWM LLC grew its stake in Revolve Group by 761.5% in the 3rd quarter. CWM LLC now owns 2,929 shares of the company’s stock valued at $40,000 after purchasing an additional 2,589 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Revolve Group during the 1st quarter valued at $45,000. Assetmark Inc. raised its stake in shares of Revolve Group by 11.7% during the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after purchasing an additional 797 shares during the period. Finally, Corton Capital Inc. bought a new stake in shares of Revolve Group during the 3rd quarter worth $140,000. Institutional investors 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.