Revolve Group (NYSE:RVLV) PT Raised to $24.00

Revolve Group (NYSE:RVLV) had its price objective hoisted by Stifel Nicolaus from $20.00 to $24.00 in a research report released on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms also recently weighed in on RVLV. Evercore ISI raised their price target on shares of Revolve Group from $15.00 to $17.00 and gave the stock an in-line rating in a research note on Wednesday, February 28th. Barclays raised their price target on shares of Revolve Group from $12.00 to $13.00 and gave the stock an underweight rating in a research note on Thursday, February 29th. Needham & Company LLC raised their price target on shares of Revolve Group from $16.00 to $23.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Morgan Stanley started coverage on shares of Revolve Group in a research note on Wednesday, February 28th. They issued an equal weight rating on the stock. Finally, BTIG Research raised their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $19.09.

Revolve Group Stock Up 2.0 %

RVLV opened at $19.81 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 1.36 and a beta of 2.17. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19. The firm’s fifty day simple moving average is $19.82 and its two-hundred day simple moving average is $16.72.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $257.78 million for the quarter, compared to the consensus estimate of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. On average, research analysts forecast that Revolve Group will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

Institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Revolve Group by 5.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock valued at $101,615,000 after acquiring an additional 390,670 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Revolve Group by 38.3% during the third quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock valued at $7,271,000 after acquiring an additional 148,050 shares during the last quarter. Dark Forest Capital Management LP increased its position in shares of Revolve Group by 55.5% during the third quarter. Dark Forest Capital Management LP now owns 91,096 shares of the company’s stock valued at $1,240,000 after acquiring an additional 32,530 shares during the last quarter. Raymond James & Associates increased its position in shares of Revolve Group by 43.2% during the third quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after acquiring an additional 75,832 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Revolve Group by 98.2% in the third quarter. Trexquant Investment LP now owns 166,899 shares of the company’s stock valued at $2,271,000 after purchasing an additional 82,686 shares during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.