Robert W. Baird assumed coverage on shares of Revolve Group (NYSE:RVLV) in a report issued on Tuesday morning, The Fly reports. The firm issued an outperform rating and a $26.00 price objective on the stock.
RVLV has been the topic of a number of other research reports. Guggenheim restated a buy rating and set a $50.00 price target on shares of Revolve Group in a research report on Monday, November 4th. Bank of America reaffirmed a neutral rating and set a $33.00 price objective (down from $36.00) on shares of Revolve Group in a research note on Friday, August 9th. Zacks Investment Research raised Revolve Group from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Thursday, November 7th. Jefferies Financial Group raised their price objective on Revolve Group from $60.00 to $65.00 and gave the company a buy rating in a research note on Friday, August 9th. Finally, Raymond James reduced their price objective on Revolve Group from $40.00 to $30.00 and set an outperform rating on the stock in a research note on Friday, November 8th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $36.70.
NYSE RVLV traded down $0.19 during trading hours on Tuesday, reaching $15.46. 1,017,266 shares of the stock traded hands, compared to its average volume of 1,459,379. The firm has a 50 day moving average price of $21.08. Revolve Group has a 1 year low of $15.12 and a 1 year high of $48.36.
Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $153.13 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. Analysts expect that Revolve Group will post 0.55 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Revolve Group in the second quarter worth about $35,000. CenterStar Asset Management LLC bought a new stake in shares of Revolve Group in the second quarter worth about $56,000. Steward Partners Investment Advisory LLC grew its stake in shares of Revolve Group by 346.7% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,680 shares of the company’s stock worth $62,000 after purchasing an additional 2,080 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Revolve Group in the second quarter worth about $118,000. Finally, First Mercantile Trust Co. bought a new stake in shares of Revolve Group in the third quarter worth about $115,000. 20.40% of the stock is currently owned by institutional investors.
Revolve Group Company Profile
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.
Further Reading: What is diluted earnings per share (Diluted EPS)?
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