Revolve Group, Inc. (NYSE:RVLV) Given Average Rating of “Hold” by Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.85.

RVLV has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Needham & Company LLC upped their price target on shares of Revolve Group from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Roth Mkm upped their price target on shares of Revolve Group from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Robert W. Baird reiterated a “neutral” rating and set a $17.00 price target on shares of Revolve Group in a report on Thursday, January 4th. Finally, Evercore ISI upped their price target on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “in-line” rating in a report on Wednesday, February 28th.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of Revolve Group by 1.5% during the 1st quarter. Rhumbline Advisers now owns 41,888 shares of the company’s stock valued at $2,249,000 after purchasing an additional 613 shares in the last quarter. Assetmark Inc. boosted its stake in Revolve Group by 8.3% during the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after acquiring an additional 631 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Revolve Group by 8.4% during the first quarter. Ameriprise Financial Inc. now owns 10,501 shares of the company’s stock worth $266,000 after acquiring an additional 812 shares in the last quarter. Swiss National Bank boosted its stake in Revolve Group by 1.0% during the second quarter. Swiss National Bank now owns 88,800 shares of the company’s stock worth $1,456,000 after acquiring an additional 900 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Revolve Group by 1.0% during the second quarter. Nuveen Asset Management LLC now owns 104,528 shares of the company’s stock worth $1,714,000 after acquiring an additional 999 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Price Performance

Shares of RVLV opened at $18.85 on Tuesday. Revolve Group has a one year low of $12.25 and a one year high of $23.90. The company has a market cap of $1.33 billion, a P/E ratio of 49.61, a P/E/G ratio of 1.31 and a beta of 2.17. The firm has a 50 day simple moving average of $19.29 and a two-hundred day simple moving average of $16.42.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The business had revenue of $257.78 million during the quarter, compared to the consensus estimate of $246.20 million. During the same period in the previous year, the business earned $0.11 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, analysts expect that Revolve Group will post 0.48 earnings per share for the current fiscal 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.