Revolve Group (NYSE:RVLV) Sets New 12-Month High at $25.96

Revolve Group, Inc. (NYSE:RVLV) shares hit a new 52-week high on Thursday . The company traded as high as $25.96 and last traded at $25.80, with a volume of 523987 shares trading hands. The stock had previously closed at $25.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BTIG Research boosted their target price on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI boosted their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Barclays cut their price objective on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, July 18th. TD Cowen boosted their price objective on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Piper Sandler reissued an “overweight” rating and set a $30.00 price objective on shares of Revolve Group in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.44.

Revolve Group Stock Performance

The company has a market cap of $1.83 billion, a P/E ratio of 75.85, a P/E/G ratio of 2.29 and a beta of 2.04. The firm’s fifty day moving average is $21.10 and its two-hundred day moving average is $19.84.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, equities research analysts expect that Revolve Group, Inc. will post 0.56 EPS for the current year.

Institutional Trading of Revolve Group

Several hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC raised its position in shares of Revolve Group by 12.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 154,077 shares of the company’s stock valued at $2,451,000 after buying an additional 16,680 shares in the last quarter. Quarry LP purchased a new stake in shares of Revolve Group during the 2nd quarter valued at about $68,000. Creative Planning raised its position in shares of Revolve Group by 13.6% during the 2nd quarter. Creative Planning now owns 130,207 shares of the company’s stock valued at $2,072,000 after buying an additional 15,552 shares in the last quarter. Algert Global LLC raised its position in shares of Revolve Group by 11.6% during the 2nd quarter. Algert Global LLC now owns 110,377 shares of the company’s stock valued at $1,756,000 after buying an additional 11,497 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after buying an additional 138,600 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

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.