Revolve Group (NYSE:RVLV) Price Target Raised to $26.00 at Roth Mkm

Revolve Group (NYSE:RVLV) had its price objective boosted by analysts at Roth Mkm from $21.00 to $26.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 20.04% from the company’s previous close.

Other research analysts also recently issued research reports about the company. BTIG Research increased their price target on Revolve Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. TD Cowen upgraded shares of Revolve Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $23.00 to $25.00 in a research report on Thursday, March 21st. Raymond James raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Wednesday, February 28th. Stifel Nicolaus raised their price objective on shares of Revolve Group from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Robert W. Baird lifted their price objective on shares of Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.50.

Revolve Group Stock Performance

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

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 the consensus estimate of $0.08 by $0.07. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The company had revenue of $270.60 million during the quarter, compared to analyst estimates of $271.80 million. During the same quarter last year, the business posted $0.19 EPS. Revolve Group’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts forecast that Revolve Group will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors have recently added to or reduced their stakes in RVLV. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Revolve Group by 5.5% during 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 last quarter. Norden Group LLC lifted its position in Revolve Group by 2,269.6% during the first quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after purchasing an additional 351,704 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Revolve Group in the 3rd quarter worth approximately $3,820,000. Stephens Investment Management Group LLC increased its holdings in shares of Revolve Group by 51.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock worth $11,250,000 after buying an additional 229,964 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Revolve Group during the 3rd quarter valued at $2,945,000. 67.60% of the stock is currently owned by institutional investors.

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.