Revolve Group (NYSE:RVLV) Trading Down 4.1% – Here’s Why

Revolve Group, Inc. (NYSE:RVLV)’s stock price traded down 4.1% during trading on Tuesday . The company traded as low as $22.03 and last traded at $21.60. 196,281 shares changed hands during trading, a decline of 84% from the average session volume of 1,192,363 shares. The stock had previously closed at $22.53.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Barclays restated a “reduce” rating on shares of Revolve Group in a report on Wednesday, May 7th. BMO Capital Markets boosted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. KeyCorp reduced their price target on shares of Revolve Group from $37.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Revolve Group in a research note on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.20.

Revolve Group Stock Performance

The firm has a market capitalization of $1.54 billion, a PE ratio of 38.58, a PEG ratio of 1.48 and a beta of 2.02. The company’s 50-day moving average price is $20.04 and its 200-day moving average price is $26.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business had revenue of $296.71 million during the quarter, compared to analysts’ expectations of $297.56 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of Revolve Group by 6,190.7% in the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company’s stock valued at $21,204,000 after buying an additional 1,002,893 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company’s stock valued at $26,645,000 after acquiring an additional 681,451 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Revolve Group by 27.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company’s stock valued at $50,800,000 after acquiring an additional 506,225 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Revolve Group during the fourth quarter worth about $14,531,000. Finally, Raymond James Financial Inc. increased its position in shares of Revolve Group by 4,131.2% during the first quarter. Raymond James Financial Inc. now owns 421,043 shares of the company’s stock worth $9,048,000 after purchasing an additional 411,092 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

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.