Revolve Group (NYSE:RVLV) Price Target Raised to $25.00

Revolve Group (NYSE:RVLV) had its price target raised by Robert W. Baird from $23.00 to $25.00 in a research note released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also issued reports on the stock. Raymond James dropped their price target on shares of Revolve Group from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Barclays restated a “reduce” rating on shares of Revolve Group in a research note on Wednesday, May 7th. KeyCorp cut their target price on shares of Revolve Group from $37.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Morgan Stanley reduced their price target on Revolve Group from $29.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their price target on Revolve Group from $40.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.20.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $22.28 on Friday. Revolve Group has a one year low of $14.87 and a one year high of $39.58. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.48 and a beta of 2.02. The stock’s 50-day moving average is $20.04 and its 200-day moving average is $26.67.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Revolve Group will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Revolve Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in Revolve Group in the 1st quarter valued at $25,000. Venturi Wealth Management LLC lifted its holdings in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after buying an additional 1,250 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Revolve Group during the fourth quarter worth $65,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Revolve Group in the fourth quarter valued at about $87,000. Finally, CWM LLC boosted its position in shares of Revolve Group by 40.4% in the first quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after acquiring an additional 836 shares during the period. 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.