FY2022 EPS Estimates for Revolve Group, Inc. Raised by Wedbush (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLVGet Rating) – Wedbush boosted their FY2022 earnings estimates for shares of Revolve Group in a report issued on Thursday, November 3rd. Wedbush analyst T. Nikic now expects that the company will post earnings per share of $0.78 for the year, up from their previous estimate of $0.72. Wedbush has a “Neutral” rating and a $23.00 price objective on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $0.78 per share.

Several other equities analysts have also recently issued reports on RVLV. Cowen lowered their price objective on shares of Revolve Group from $52.00 to $32.00 in a research note on Thursday, August 4th. KeyCorp began coverage on shares of Revolve Group in a research note on Wednesday, July 20th. They issued an “overweight” rating and a $36.00 price objective on the stock. Piper Sandler lowered their price objective on shares of Revolve Group from $42.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, August 4th. Credit Suisse Group lowered their price objective on shares of Revolve Group from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Raymond James lowered their price objective on shares of Revolve Group from $42.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Revolve Group has an average rating of “Moderate Buy” and an average price target of $33.41.

Revolve Group Stock Down 4.5 %

Revolve Group stock opened at $21.97 on Monday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 6.36 and a beta of 2.08. The company has a current ratio of 2.65, a quick ratio of 1.55 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $23.57 and its two-hundred day moving average price is $27.82. Revolve Group has a 52 week low of $20.61 and a 52 week high of $89.60.

Institutional Trading of Revolve Group

Institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC acquired a new stake in Revolve Group in the first quarter valued at approximately $560,000. CWM LLC lifted its stake in Revolve Group by 1,478.9% in the first quarter. CWM LLC now owns 900 shares of the company’s stock valued at $48,000 after acquiring an additional 843 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Revolve Group by 20.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,913 shares of the company’s stock valued at $317,000 after acquiring an additional 1,004 shares during the last quarter. Cerity Partners LLC lifted its stake in Revolve Group by 14.3% in the first quarter. Cerity Partners LLC now owns 4,473 shares of the company’s stock valued at $240,000 after acquiring an additional 558 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Revolve Group in the first quarter valued at approximately $442,000. 71.06% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Company Profile

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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.

See Also

Earnings History and Estimates for Revolve Group (NYSE:RVLV)

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