Revolve Group (NYSE:RVLV) Price Target Raised to $30.00

Revolve Group (NYSE:RVLV) had its price objective hoisted by Piper Sandler from $27.00 to $30.00 in a report released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.

RVLV has been the subject of several other research reports. UBS Group decreased their target price on shares of Revolve Group from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. BTIG Research restated a “buy” rating and issued a $35.00 price target on shares of Revolve Group in a research report on Wednesday, May 6th. KeyCorp reduced their price objective on Revolve Group from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a research report on Friday, July 17th. Finally, Robert W. Baird set a $28.00 target price on Revolve Group in a research note on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.08.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $24.29 on Wednesday. The firm’s fifty day simple moving average is $22.99 and its 200-day simple moving average is $23.73. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.99 and a beta of 1.60. Revolve Group has a 12 month low of $17.35 and a 12 month high of $31.68.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The firm had revenue of $347.41 million during the quarter, compared to analysts’ expectations of $341.91 million. During the same quarter in the prior year, the business earned $0.14 EPS. Revolve Group’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Revolve Group will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Revolve Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Revolve Group by 9.2% during the 4th quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock worth $129,795,000 after purchasing an additional 360,598 shares during the period. Wakefield Asset Management LLLP acquired a new stake in shares of Revolve Group in the fourth quarter valued at about $1,323,000. Dimensional Fund Advisors LP lifted its stake in shares of Revolve Group by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock valued at $20,444,000 after purchasing an additional 55,734 shares during the period. GW&K Investment Management LLC boosted its holdings in Revolve Group by 5.7% during the fourth quarter. GW&K Investment Management LLC now owns 797,389 shares of the company’s stock worth $24,073,000 after buying an additional 42,852 shares in the last quarter. Finally, Cooper Creek Partners Management LLC boosted its holdings in Revolve Group by 36.7% during the first quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock worth $46,785,000 after buying an additional 555,153 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.