Revolve Group (NYSE:RVLV) PT Raised to $24.00

Revolve Group (NYSE:RVLV) had its price objective increased by Stifel Nicolaus from $20.00 to $24.00 in a research report sent to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Barclays raised their price objective on shares of Revolve Group from $12.00 to $13.00 and gave the stock an underweight rating in a research report on Thursday, February 29th. Robert W. Baird restated a neutral rating and set a $17.00 price objective on shares of Revolve Group in a research report on Thursday, January 4th. Morgan Stanley assumed coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They set an equal weight rating for the company. The Goldman Sachs Group assumed coverage on shares of Revolve Group in a research report on Wednesday, January 10th. They set a sell rating and a $12.00 price objective for the company. Finally, Wedbush raised their price objective on shares of Revolve Group from $12.00 to $17.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $19.09.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $19.81 on Friday. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19. The company has a market capitalization of $1.40 billion, a P/E ratio of 52.13, a price-to-earnings-growth ratio of 1.39 and a beta of 2.17. The company has a 50-day simple moving average of $19.82 and a 200 day simple moving average of $16.75.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share (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 last year, the business posted $0.11 EPS. Revolve Group’s revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that Revolve Group will post 0.48 earnings per share for the current year.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of RVLV. Signaturefd LLC grew its stake in shares of Revolve Group by 452.4% during the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock worth $25,000 after buying an additional 1,493 shares during the last quarter. CWM LLC grew its stake in shares of Revolve Group by 761.5% in the third quarter. CWM LLC now owns 2,929 shares of the company’s stock worth $40,000 after purchasing an additional 2,589 shares during the last quarter. Assetmark Inc. grew its stake in shares of Revolve Group by 11.7% in the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after purchasing an additional 797 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Revolve Group in the third quarter worth $140,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Revolve Group in the fourth quarter worth $179,000. Institutional investors own 67.60% 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. 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.