Revolve Group (NYSE:RVLV) Stock Gets Price Target Cut from TD Cowen

Revolve Group (NYSE:RVLV) had its target price reduced by TD Cowen from $31.00 to $25.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

RVLV has been the subject of several other research reports. Stifel Nicolaus set a $31.00 target price on Revolve Group in a research note on Wednesday. Wall Street Zen downgraded shares of Revolve Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. BTIG Research restated a “buy” rating and issued a $35.00 price objective on shares of Revolve Group in a report on Wednesday, October 28th. Morgan Stanley set a $25.00 price objective on shares of Revolve Group in a report on Wednesday. Finally, Raymond James Financial cut their price objective on shares of Revolve Group from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.17.

Revolve Group Trading Down 2.3%

Shares of RVLV traded down $0.44 during midday trading on Wednesday, reaching $18.60. The stock had a trading volume of 1,076,856 shares, compared to its average volume of 700,302. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.78 and a beta of 1.62. The company’s 50-day moving average is $21.44 and its 200 day moving average is $23.13. Revolve Group has a 12-month low of $17.35 and a 12-month high of $31.68.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $355.96 million for the quarter, compared to analysts’ expectations of $345.49 million. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. Research analysts forecast that Revolve Group will post 0.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of RVLV. Sterling Capital Management LLC lifted its stake in shares of Revolve Group by 842.6% in the 3rd quarter. Sterling Capital Management LLC now owns 1,395 shares of the company’s stock valued at $30,000 after acquiring an additional 1,247 shares during the last quarter. Allworth Financial LP boosted its holdings in Revolve Group by 76.4% during the 3rd quarter. Allworth Financial LP now owns 1,452 shares of the company’s stock valued at $33,000 after acquiring an additional 629 shares during the period. Integrated Wealth Concepts LLC bought a new position in Revolve Group during the 2nd quarter worth approximately $46,000. Elevation Point Wealth Partners LLC bought a new position in Revolve Group during the 1st quarter worth approximately $218,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Revolve Group during the 2nd quarter worth approximately $259,000. Institutional investors own 67.60% of the company’s stock.

About Revolve Group

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.