Revolve Group’s (RVLV) “Buy” Rating Reaffirmed at BTIG Research

Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a report released on Wednesday,Benzinga reports. They presently have a $30.00 target price on the stock. BTIG Research’s target price suggests a potential upside of 41.49% from the company’s current price.

A number of other research analysts have also commented on RVLV. Barclays boosted their price target on shares of Revolve Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Zacks Research lowered Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Morgan Stanley lifted their price target on Revolve Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Piper Sandler upped their price objective on shares of Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial boosted their price target on shares of Revolve Group from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.21.

Revolve Group Stock Up 2.7%

Shares of NYSE RVLV opened at $21.20 on Wednesday. The company has a market cap of $1.51 billion, a P/E ratio of 27.90, a P/E/G ratio of 2.29 and a beta of 1.93. Revolve Group has a 52 week low of $16.80 and a 52 week high of $39.58. The business has a 50-day simple moving average of $22.10 and a two-hundred day simple moving average of $21.36.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The firm had revenue of $295.63 million for the quarter, compared to the consensus estimate of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities research analysts anticipate that Revolve Group will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC bought a new stake in shares of Revolve Group in the 1st quarter worth approximately $25,000. State of Alaska Department of Revenue bought a new stake in Revolve Group in the third quarter worth $46,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in Revolve Group during the second quarter valued at about $60,000. CWM LLC grew its stake in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after buying an additional 836 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Revolve Group during the second quarter valued at about $68,000. 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.