Revolve Group (NYSE:RVLV) Given New $19.00 Price Target at Wedbush

Revolve Group (NYSE:RVLV) had its price target hoisted by investment analysts at Wedbush from $17.00 to $19.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Wedbush’s target price suggests a potential downside of 12.28% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley assumed coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They set an “equal weight” rating on the stock. Stifel Nicolaus lifted their target price on Revolve Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Piper Sandler upped their price target on Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Raymond James upgraded Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Wednesday, February 28th. Finally, BTIG Research boosted their target price on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Two research 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.50.

Revolve Group Stock Down 0.1 %

RVLV stock opened at $21.66 on Wednesday. The company has a market capitalization of $1.53 billion, a PE ratio of 63.71, a P/E/G ratio of 1.38 and a beta of 2.15. The stock’s 50 day moving average is $20.30 and its two-hundred day moving average is $17.09. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The business had revenue of $270.60 million during the quarter, compared to analyst estimates of $271.80 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Revolve Group will post 0.48 EPS for the current year.

Hedge Funds Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently made changes to their positions in RVLV. Signaturefd LLC increased its position in Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after acquiring an additional 1,493 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in shares of Revolve Group in the first quarter worth $45,000. Assetmark Inc. increased its holdings in shares of Revolve Group by 11.7% during the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after purchasing an additional 797 shares during the period. Corton Capital Inc. acquired a new position in shares of Revolve Group during the third quarter valued at $140,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Revolve Group during the fourth quarter valued at about $179,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.