Revolve Group (NYSE:RVLV) Price Target Raised to $15.00 at Barclays

Revolve Group (NYSE:RVLV) had its price objective increased by equities researchers at Barclays from $13.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 30.75% from the stock’s previous close.

A number of other equities research analysts have also weighed in on RVLV. Roth Mkm boosted their price objective on shares of Revolve Group from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Revolve Group from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday, April 26th. BMO Capital Markets boosted their price objective on shares of Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday. Piper Sandler boosted their target price 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. Finally, The Goldman Sachs Group initiated coverage on shares of Revolve Group in a research report on Wednesday, January 10th. They set a “sell” rating and a $12.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.50.

Revolve Group Trading Down 0.1 %

NYSE RVLV opened at $21.66 on Wednesday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 63.71, 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 firm’s fifty day simple moving average is $20.30 and its two-hundred day simple moving average is $17.09.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Revolve Group by 5.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock worth $101,615,000 after acquiring an additional 390,670 shares during the period. Vanguard Group Inc. raised its position in shares of Revolve Group by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,915,304 shares of the company’s stock worth $53,287,000 after purchasing an additional 18,228 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Revolve Group by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock worth $17,478,000 after purchasing an additional 10,724 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of Revolve Group by 51.3% during the 4th 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 during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Revolve Group by 38.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock worth $7,271,000 after purchasing an additional 148,050 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.