Revolve Group, Inc. (NYSE:RVLV) Given Consensus Rating of “Hold” by Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.50.

RVLV has been the subject of several research reports. Robert W. Baird boosted their target price on Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Stifel Nicolaus raised 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. Needham & Company LLC upped their price target on shares of Revolve Group from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Roth Mkm raised their price objective on shares of Revolve Group from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets lifted their price objective on shares of Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th.

Revolve Group Stock Performance

Shares of NYSE RVLV opened at $22.68 on Friday. The firm has a market capitalization of $1.61 billion, a PE ratio of 66.71, a price-to-earnings-growth ratio of 2.97 and a beta of 2.15. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $23.19. The stock’s 50-day simple moving average is $20.32 and its 200-day simple moving average is $17.37.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. Revolve Group had a net margin of 2.34% and a return on equity of 6.30%. The firm had revenue of $270.60 million for the quarter, compared to analyst estimates of $271.80 million. During the same period last year, the business earned $0.19 EPS. Revolve Group’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that Revolve Group will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Revolve Group during the 1st quarter worth approximately $45,000. Assetmark Inc. boosted 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 acquiring an additional 797 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Revolve Group in the 1st quarter worth approximately $216,000. Finally, Corton Capital Inc. purchased a new position in Revolve Group in the 3rd quarter valued at approximately $140,000. 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.