Evercore ISI Raises Revolve Group (NYSE:RVLV) Price Target to $20.00

Revolve Group (NYSE:RVLV) had its price objective raised by Evercore ISI from $17.00 to $20.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential downside of 5.48% from the stock’s previous close.

RVLV has been the topic of a number of other research reports. Wedbush boosted their price objective on shares of Revolve Group from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Needham & Company LLC raised their price objective on shares of Revolve Group from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. TD Cowen raised Revolve Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $23.00 to $25.00 in a research note on Thursday, March 21st. Morgan Stanley initiated coverage on Revolve Group in a research note on Wednesday, February 28th. They set an “equal weight” rating for the company. Finally, Stifel Nicolaus increased their target price on Revolve Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.26.

Revolve Group Trading Up 2.1 %

NYSE:RVLV opened at $21.16 on Monday. The company has a market capitalization of $1.50 billion, a P/E ratio of 55.69, a P/E/G ratio of 1.38 and a beta of 2.15. Revolve Group has a 12 month low of $12.25 and a 12 month high of $23.19. The business’s 50-day moving average is $20.23 and its 200 day moving average is $16.98.

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

Hedge Funds Weigh In On Revolve Group

Several institutional investors have recently bought and sold shares of RVLV. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Revolve Group by 5.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock valued at $101,615,000 after acquiring an additional 390,670 shares during the period. Vanguard Group Inc. boosted its position in Revolve Group by 0.5% during the third quarter. Vanguard Group Inc. now owns 3,915,304 shares of the company’s stock valued at $53,287,000 after purchasing an additional 18,228 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Revolve Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock valued at $17,478,000 after purchasing an additional 10,724 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Revolve Group by 51.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock worth $11,250,000 after purchasing an additional 229,964 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Revolve Group by 38.3% during the third quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock valued at $7,271,000 after buying an additional 148,050 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.