Brokerages Set Revolve Group, Inc. (NYSE:RVLV) Price Target at $26.20

Shares of Revolve Group, Inc. (NYSE:RVLV) have earned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $26.20.

RVLV has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Revolve Group from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Piper Sandler decreased their price objective on shares of Revolve Group from $35.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Robert W. Baird raised their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, June 6th. Barclays reiterated a “reduce” rating on shares of Revolve Group in a report on Wednesday, May 7th. Finally, Stifel Nicolaus reduced their price target on shares of Revolve Group from $40.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 10th.

Revolve Group Price Performance

NYSE:RVLV opened at $21.09 on Thursday. The company’s 50-day simple moving average is $20.66 and its 200 day simple moving average is $23.92. The firm has a market capitalization of $1.50 billion, a P/E ratio of 30.57, a PEG ratio of 3.03 and a beta of 1.98. Revolve Group has a one year low of $16.77 and a one year high of $39.58.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $296.71 million for the quarter, compared to the consensus estimate of $297.56 million. Revolve Group had a net margin of 4.37% and a return on equity of 11.76%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, equities research analysts expect that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently made changes to their positions in the company. FMR LLC boosted its position in Revolve Group by 0.7% in the 4th quarter. FMR LLC now owns 5,743,151 shares of the company’s stock valued at $192,338,000 after buying an additional 38,694 shares during the period. Vanguard Group Inc. raised its stake in shares of Revolve Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company’s stock worth $84,469,000 after acquiring an additional 98,413 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Revolve Group by 27.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company’s stock worth $50,800,000 after acquiring an additional 506,225 shares in the last quarter. Millennium Management LLC raised its stake in shares of Revolve Group by 6,190.7% during the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company’s stock worth $21,204,000 after acquiring an additional 1,002,893 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Revolve Group by 596.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock worth $26,645,000 after acquiring an additional 681,451 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.