Revolve Group, Inc. (NYSE:RVLV) Stock Rated “Moderate Buy” by Wall Street Brokerages

Revolve Group, Inc. (NYSE:RVLV) has earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $30.08.

Several equities research analysts have recently issued reports on RVLV shares. Weiss Ratings raised shares of Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. BTIG Research reaffirmed a “buy” rating and issued a $35.00 target price on shares of Revolve Group in a research note on Friday, August 21st. UBS Group increased their target price on Revolve Group from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Piper Sandler lifted their price target on Revolve Group from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, TD Cowen boosted their price target on Revolve Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 5th.

Revolve Group Stock Performance

RVLV opened at $21.26 on Friday. The firm’s fifty day moving average is $22.43 and its two-hundred day moving average is $22.51. The firm has a market cap of $1.51 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 2.63 and a beta of 1.70. Revolve Group has a twelve month low of $17.35 and a twelve month high of $31.68.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%.The business had revenue of $347.41 million during the quarter, compared to analyst estimates of $341.91 million. During the same period in the previous year, the firm earned $0.14 EPS. Revolve Group’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts forecast that Revolve Group will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in Revolve Group during the 2nd quarter worth about $46,000. Elevation Point Wealth Partners LLC bought a new position in shares of Revolve Group in the 1st quarter valued at about $218,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Revolve Group in the second quarter valued at about $259,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Revolve Group in the first quarter valued at about $312,000. Finally, State of Wyoming raised its holdings in Revolve Group by 337.5% during the fourth quarter. State of Wyoming now owns 12,556 shares of the company’s stock worth $379,000 after acquiring an additional 9,686 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates a digital-first fashion retail business serving consumers through the REVOLVE and FWRD platforms. The company offers a curated selection of contemporary and luxury apparel, footwear, accessories, beauty products and lifestyle merchandise from third-party brands, as well as products from its own private-label brands.

REVOLVE is focused on trend-oriented fashion and uses data, digital marketing, social media and relationships with influencers and creators to reach its customer base.