Revolve Group (NYSE:RVLV) Price Target Raised to $31.00

Revolve Group (NYSE:RVLV) had its target price hoisted by TD Cowen from $28.00 to $31.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Revolve Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Piper Sandler raised their price objective on shares of Revolve Group from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday. KeyCorp decreased their target price on shares of Revolve Group from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a research note on Friday, July 17th. Finally, Raymond James Financial set a $28.00 price target on shares of Revolve Group in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and a consensus target price of $30.08.

Revolve Group Price Performance

Shares of RVLV opened at $24.29 on Wednesday. The company has a market capitalization of $1.74 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.99 and a beta of 1.60. The company’s fifty day moving average price is $22.99 and its 200 day moving average price is $23.73. Revolve Group has a one year low of $17.35 and a one year high of $31.68.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $347.41 million during the quarter, compared to analysts’ expectations of $341.91 million. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%.The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. Analysts anticipate that Revolve Group will post 0.84 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 RVLV. Fuller & Thaler Asset Management Inc. acquired a new position in Revolve Group during the 4th quarter worth approximately $59,421,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Revolve Group in the third quarter valued at about $22,164,000. Balyasny Asset Management L.P. raised its holdings in Revolve Group by 830.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company’s stock worth $20,248,000 after acquiring an additional 901,396 shares in the last quarter. Marshall Wace LLP increased its holdings in Revolve Group by 89.3% during the third quarter. Marshall Wace LLP now owns 1,031,294 shares of the company’s stock worth $21,967,000 after buying an additional 486,616 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Revolve Group by 9.2% in the 4th quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock valued at $129,795,000 after acquiring an additional 360,598 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.