Revolve Group, Inc. (NYSE:RVLV) Receives $18.85 Average Target Price from Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have received a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.85.

Several analysts have commented on RVLV shares. TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $23.00 to $25.00 in a research note on Thursday, March 21st. Evercore ISI lifted their target price on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 28th. Morgan Stanley started coverage on shares of Revolve Group in a research note on Wednesday, February 28th. They issued an “equal weight” rating for the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Revolve Group in a research note on Thursday, January 4th. Finally, Piper Sandler lifted their target price on shares of Revolve Group from $21.00 to $22.50 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $19.13 on Tuesday. Revolve Group has a 1 year low of $12.25 and a 1 year high of $23.19. The company has a market capitalization of $1.35 billion, a P/E ratio of 50.34, a P/E/G ratio of 1.32 and a beta of 2.17. The business has a 50 day moving average price of $19.51 and a 200 day moving average price of $16.49.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The firm had revenue of $257.78 million during the quarter, compared to the consensus estimate of $246.20 million. During the same period in the previous year, the firm posted $0.11 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts expect that Revolve Group will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $17,478,000 after acquiring an additional 10,724 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Revolve Group by 15.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 578,016 shares of the company’s stock valued at $9,584,000 after acquiring an additional 78,589 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Revolve Group by 4.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,271 shares of the company’s stock valued at $419,000 after acquiring an additional 1,064 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Revolve Group by 4.0% during the 4th quarter. Legal & General Group Plc now owns 43,229 shares of the company’s stock valued at $717,000 after acquiring an additional 1,659 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Revolve Group by 84.6% during the 4th quarter. Barclays PLC now owns 123,198 shares of the company’s stock valued at $2,043,000 after acquiring an additional 56,462 shares in 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.