Revolve Group (NYSE:RVLV) Stock Price Up 4.5% – Here’s What Happened

Shares of Revolve Group, Inc. (NYSE:RVLV) rose 4.5% on Thursday . The stock traded as high as $20.44 and last traded at $20.3720. Approximately 296,160 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,031,767 shares. The stock had previously closed at $19.49.

Analysts Set New Price Targets

RVLV has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Revolve Group from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Revolve Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Roth Capital restated a “buy” rating and set a $37.00 price target on shares of Revolve Group in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Finally, BTIG Research restated a “buy” rating and issued a $35.00 price target on shares of Revolve Group in a research report on Friday, August 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and an average price target of $30.08.

Revolve Group Stock Performance

The stock has a fifty day simple moving average of $23.79 and a two-hundred day simple moving average of $22.97. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 2.50 and a beta of 1.61.

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

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently added to or reduced their stakes in RVLV. Panagora Asset Management Inc. lifted its stake in Revolve Group by 2.0% in the fourth quarter. Panagora Asset Management Inc. now owns 20,284 shares of the company’s stock valued at $612,000 after buying an additional 404 shares during the period. Madison Asset Management LLC grew its position in shares of Revolve Group by 0.4% during the 4th quarter. Madison Asset Management LLC now owns 129,686 shares of the company’s stock worth $3,915,000 after buying an additional 486 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Revolve Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company’s stock valued at $489,000 after acquiring an additional 964 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Revolve Group by 2.7% in the 3rd quarter. Alliancebernstein L.P. now owns 38,600 shares of the company’s stock valued at $822,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Man Group plc increased its stake in shares of Revolve Group by 0.6% in the 4th quarter. Man Group plc now owns 167,677 shares of the company’s stock valued at $5,062,000 after acquiring an additional 1,064 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.