Barclays Boosts Revolve Group (NYSE:RVLV) Price Target to $15.00

Revolve Group (NYSE:RVLV) had its target price raised by equities researchers at Barclays from $13.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 29.94% from the company’s current price.

A number of other research firms have also commented on RVLV. The Goldman Sachs Group began coverage on Revolve Group in a research note on Wednesday, January 10th. They set a “sell” rating and a $12.00 price objective on the stock. Morgan Stanley initiated coverage on Revolve Group in a report on Wednesday, February 28th. They set an “equal weight” rating on the stock. Needham & Company LLC increased their target price on Revolve Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus boosted their target price on shares of Revolve Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Piper Sandler upped their price target on Revolve Group from $21.00 to $22.50 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Two investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.38.

Revolve Group Stock Performance

NYSE:RVLV traded up $0.26 during mid-day trading on Wednesday, hitting $21.41. 994,844 shares of the stock were exchanged, compared to its average volume of 1,086,891. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 56.76, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15. The firm’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $17.03. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $23.19.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The business had revenue of $270.60 million during the quarter, compared to analysts’ expectations of $271.80 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. On average, analysts predict that Revolve Group will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Large investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Revolve Group by 452.4% in 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 period. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Revolve Group during the first quarter worth approximately $45,000. Assetmark Inc. raised its stake in shares of Revolve Group by 11.7% during the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after acquiring an additional 797 shares in the last quarter. Corton Capital Inc. purchased a new position in shares of Revolve Group during the third quarter worth approximately $140,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Revolve Group during the fourth quarter worth approximately $179,000. 67.60% of the stock is currently owned by institutional investors.

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.