BTIG Research Lowers Revolve Group (NYSE:RVLV) Price Target to $50.00

Revolve Group (NYSE:RVLVGet Rating) had its price target cut by BTIG Research from $66.00 to $50.00 in a report issued on Thursday, The Fly reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the company. BMO Capital Markets reduced their price objective on Revolve Group from $47.00 to $35.00 in a research note on Wednesday, May 4th. Raymond James initiated coverage on Revolve Group in a research report on Thursday, June 30th. They set an outperform rating on the stock. Credit Suisse Group cut their target price on Revolve Group from $74.00 to $58.00 in a research report on Wednesday, May 4th. Stifel Nicolaus cut their target price on Revolve Group from $53.00 to $37.00 in a research report on Wednesday, July 20th. Finally, Wedbush cut their target price on Revolve Group from $68.00 to $59.00 in a research report on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $60.88.

Revolve Group Stock Down 3.9 %

NYSE RVLV opened at $28.62 on Thursday. The company has a current ratio of 2.39, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Revolve Group has a 12 month low of $24.10 and a 12 month high of $89.60. The stock’s 50 day moving average is $28.72 and its 200 day moving average is $41.80. The stock has a market cap of $2.10 billion, a PE ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 2.27.

Revolve Group (NYSE:RVLVGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Revolve Group had a return on equity of 33.24% and a net margin of 10.06%. The business had revenue of $283.50 million for the quarter, compared to the consensus estimate of $256.78 million. During the same quarter in the previous year, the company posted $0.30 EPS. The company’s revenue was up 58.5% compared to the same quarter last year. Research analysts predict that Revolve Group will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently made changes to their positions in RVLV. CWM LLC lifted its stake in shares of Revolve Group by 1,478.9% during the 1st quarter. CWM LLC now owns 900 shares of the company’s stock worth $48,000 after purchasing an additional 843 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Revolve Group by 134.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock worth $58,000 after purchasing an additional 670 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Revolve Group during the 1st quarter worth $70,000. PNC Financial Services Group Inc. lifted its stake in shares of Revolve Group by 55.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock worth $163,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Revolve Group by 16.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,634 shares of the company’s stock worth $203,000 after purchasing an additional 500 shares during the last quarter. 54.50% of the stock is currently owned by hedge funds and other institutional investors.

About Revolve Group

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Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

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