Revolve Group, Inc. (NYSE:RVLV) Receives Consensus Rating of “Hold” from Brokerages

Revolve Group, Inc. (NYSE:RVLV) has received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.44.

Several equities research analysts have recently issued reports on the stock. Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. BTIG Research boosted their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird increased their price target on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. TD Cowen boosted their price objective on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, Piper Sandler reiterated an “overweight” rating and set a $30.00 target price on shares of Revolve Group in a research report on Friday, August 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. purchased a new position in Revolve Group in the 1st quarter worth approximately $45,000. Quarry LP purchased a new position in Revolve Group in the second quarter worth $68,000. Assetmark Inc. increased its stake in Revolve Group by 8.3% in the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after acquiring an additional 631 shares during the last quarter. American Century Companies Inc. purchased a new stake in Revolve Group during the second quarter valued at about $165,000. Finally, Pier 88 Investment Partners LLC bought a new stake in Revolve Group during the second quarter worth about $182,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Up 5.1 %

Shares of RVLV opened at $23.87 on Friday. The stock has a 50 day moving average of $20.36 and a 200 day moving average of $19.72. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 70.21, a PEG ratio of 2.00 and a beta of 2.04. Revolve Group has a 12 month low of $12.25 and a 12 month high of $24.64.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company had revenue of $282.50 million for the quarter, compared to analysts’ expectations of $277.06 million. During the same period in the previous year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Revolve Group will post 0.56 earnings per share for the current year.

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.