Revolve Group (NYSE:RVLV) Price Target Raised to $26.00 at Morgan Stanley

Revolve Group (NYSE:RVLV) had its price target hoisted by Morgan Stanley from $24.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also commented on the stock. Barclays increased their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday. Raymond James Financial increased their price target on shares of Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Roth Capital reissued a “buy” rating and set a $24.00 price target (up previously from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. UBS Group increased their price target on shares of Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Piper Sandler increased their price target on shares of Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Revolve Group presently has an average rating of “Moderate Buy” and an average price target of $25.92.

Revolve Group Stock Performance

RVLV stock opened at $22.26 on Wednesday. Revolve Group has a 52 week low of $16.80 and a 52 week high of $39.58. The firm’s fifty day moving average is $22.35 and its 200 day moving average is $21.26. The firm has a market cap of $1.59 billion, a P/E ratio of 29.29, a P/E/G ratio of 2.17 and a beta of 1.93.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.11 by $0.13. Revolve Group had a net margin of 4.64% and a return on equity of 11.49%. The company had revenue of $295.63 million for the quarter, compared to analyst estimates of $297.36 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Revolve Group will post 0.6 EPS for the current year.

Institutional Trading of Revolve Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in shares of Revolve Group during the first quarter valued at approximately $25,000. State of Alaska Department of Revenue purchased a new stake in shares of Revolve Group during the third quarter valued at approximately $46,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in shares of Revolve Group during the second quarter valued at approximately $60,000. CWM LLC grew its holdings in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after buying an additional 836 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Revolve Group during the second quarter valued at approximately $68,000. 67.60% of the stock is currently owned by 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.