Revolve Group (NYSE:RVLV) PT Raised to $20.00

Revolve Group (NYSE:RVLV) had its target price lifted by analysts at Evercore ISI from $17.00 to $20.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential downside of 2.39% from the company’s previous close.

A number of other equities research analysts have also commented on the company. The Goldman Sachs Group began coverage on Revolve Group in a research report on Wednesday, January 10th. They issued a “sell” rating and a $12.00 price target for the company. BTIG Research increased their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Piper Sandler boosted their price target on shares of Revolve Group from $21.00 to $22.50 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Wedbush increased 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. Finally, Raymond James upgraded Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.26.

Revolve Group Price Performance

Shares of NYSE RVLV traded up $0.82 during mid-day trading on Monday, reaching $20.49. 586,134 shares of the company’s stock traded hands, compared to its average volume of 1,072,442. The business has a 50-day simple moving average of $20.15 and a 200 day simple moving average of $16.93. The stock has a market cap of $1.45 billion, a P/E ratio of 53.58, a PEG ratio of 1.38 and a beta of 2.15. Revolve Group has a 1-year low of $12.25 and a 1-year high of $23.19.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results 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 business had revenue of $257.78 million during 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 company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. Equities research analysts anticipate that Revolve Group will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in RVLV. Essex Investment Management Co. LLC raised its position in Revolve Group by 0.7% during the first quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after purchasing an additional 767 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Revolve Group during the 1st quarter valued at about $1,591,000. Norden Group LLC raised its holdings in shares of Revolve Group by 38.3% during the 1st quarter. Norden Group LLC now owns 21,425 shares of the company’s stock valued at $454,000 after buying an additional 5,929 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Revolve Group by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock worth $17,478,000 after buying an additional 10,724 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Revolve Group in the first quarter worth approximately $45,000. Hedge funds and other 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.