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

Revolve Group, Inc. (NYSE:RVLV) has been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.20.

RVLV has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of Revolve Group from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, August 3rd. KeyCorp cut shares of Revolve Group from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price target on shares of Revolve Group in a research note on Monday, September 18th. Morgan Stanley cut their target price on shares of Revolve Group from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, August 3rd. Finally, Roth Mkm cut their target price on shares of Revolve Group from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st.

Revolve Group Stock Performance

Shares of RVLV opened at $14.04 on Friday. Revolve Group has a twelve month low of $12.25 and a twelve month high of $32.59. The firm’s 50 day moving average price is $13.59 and its two-hundred day moving average price is $15.65. The firm has a market cap of $1.01 billion, a P/E ratio of 31.91, a PEG ratio of 31.06 and a beta of 2.14.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Revolve Group had a net margin of 3.04% and a return on equity of 8.24%. The business had revenue of $257.60 million during the quarter, compared to analyst estimates of $254.14 million. During the same quarter last year, the business earned $0.16 earnings per share. Revolve Group’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Revolve Group will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RVLV. BlackRock Inc. increased its position in Revolve Group by 51.0% during the 2nd quarter. BlackRock Inc. now owns 4,235,256 shares of the company’s stock valued at $69,458,000 after purchasing an additional 1,430,242 shares during the period. William Blair Investment Management LLC increased its position in Revolve Group by 17.7% during the 1st quarter. William Blair Investment Management LLC now owns 5,616,240 shares of the company’s stock valued at $147,707,000 after purchasing an additional 845,814 shares during the period. Portside Wealth Group LLC acquired a new stake in Revolve Group during the 2nd quarter valued at approximately $11,891,000. Bank of America Corp DE increased its position in Revolve Group by 206.2% during the 1st quarter. Bank of America Corp DE now owns 989,500 shares of the company’s stock valued at $26,024,000 after purchasing an additional 666,366 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Revolve Group by 8.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,075,525 shares of the company’s stock valued at $116,039,000 after purchasing an additional 542,419 shares during the period. Institutional investors own 73.35% of the company’s stock.

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. It operates in two segments, REVOLVE and FWRD. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.