Revolve Group, Inc. (NYSE:RVLV) Receives $30.08 Average Price Target from Brokerages

Revolve Group, Inc. (NYSE:RVLV) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $30.0769.

Several equities analysts have recently commented on RVLV shares. UBS Group increased their target price on Revolve Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Piper Sandler upped their target price on shares of Revolve Group from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Revolve Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. BTIG Research reiterated a “buy” rating and issued a $35.00 price target on shares of Revolve Group in a research note on Friday, August 21st. Finally, Roth Capital reissued a “buy” rating and issued a $37.00 price objective on shares of Revolve Group in a report on Wednesday, August 5th.

Institutional Investors Weigh In On Revolve Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in Revolve Group during the fourth quarter valued at $40,000. Integrated Wealth Concepts LLC bought a new stake in shares of Revolve Group during the 2nd quarter valued at about $46,000. Quarry LP grew its position in shares of Revolve Group by 6,932.1% during the 3rd quarter. Quarry LP now owns 3,727 shares of the company’s stock valued at $79,000 after buying an additional 3,674 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Revolve Group during the second quarter worth about $159,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Revolve Group during the fourth quarter worth about $216,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Stock Performance

Shares of NYSE RVLV opened at $21.11 on Tuesday. Revolve Group has a 1 year low of $17.35 and a 1 year high of $31.68. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.62 and a beta of 1.61. The stock’s 50-day simple moving average is $23.72 and its 200-day simple moving average is $22.92.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%.The business had revenue of $347.41 million for the quarter, compared to analysts’ expectations of $341.91 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Revolve Group will post 0.82 EPS for the current year.

About Revolve Group

Revolve Group, Inc operates a digitally native fashion platform serving millennial and Generation Z consumers. The company offers women’s and men’s apparel, footwear, accessories, beauty products and lifestyle merchandise through its online retail platforms and related brand businesses.

Its portfolio includes REVOLVE, which focuses on contemporary fashion and influencer-driven shopping, and FWRD, a luxury fashion platform offering designer apparel, footwear and accessories. The company also develops and sells proprietary and exclusive-label products, including offerings associated with its owned brands, while working with a broad range of third-party fashion brands.

Revolve Group was founded in 2003 by Michael Mente and Mike Karanikolas and is based in California.