Wedbush Boosts Revolve Group (NYSE:RVLV) Price Target to $19.00

Revolve Group (NYSE:RVLV) had its price target lifted by Wedbush from $17.00 to $19.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued reports about the company. UBS Group lifted their price target on Revolve Group from $16.00 to $20.00 and gave the stock a neutral rating in a research note on Wednesday, April 10th. BMO Capital Markets lifted their price target on Revolve Group from $13.00 to $15.00 and gave the stock a market perform rating in a research note on Wednesday. BTIG Research lifted 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. 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 report on Wednesday, February 28th. Finally, Robert W. Baird lifted their price objective on Revolve Group from $19.00 to $23.00 and gave the stock a neutral rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $20.50.

Revolve Group Trading Down 0.1 %

RVLV traded down $0.02 during trading on Wednesday, hitting $21.66. The company’s stock had a trading volume of 1,110,061 shares, compared to its average volume of 1,096,638. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.19. The business’s fifty day simple moving average is $20.31 and its 200 day simple moving average is $17.06. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 56.71, a P/E/G ratio of 1.38 and a beta of 2.15.

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

Institutional Investors Weigh In On Revolve Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in 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 worth $101,615,000 after purchasing an additional 390,670 shares in the last quarter. Vanguard Group Inc. grew its stake in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in 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 in the last quarter. Stephens Investment Management Group LLC grew its stake in 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 in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in 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 in the last quarter. Hedge funds and other institutional investors 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.