Revolve Group (NYSE:RVLV) Price Target Raised to $26.00

Revolve Group (NYSE:RVLV) had its target price lifted by Morgan Stanley from $24.00 to $26.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities research analysts also recently issued reports on RVLV. Raymond James Financial increased their price objective on Revolve Group from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Zacks Research lowered Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Revolve Group in a research report on Wednesday, October 8th. UBS Group boosted their price objective on Revolve Group from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Piper Sandler raised their target price on shares of Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.92.

Revolve Group Trading Up 1.5%

RVLV stock opened at $21.40 on Wednesday. The firm has a 50 day moving average of $22.30 and a 200-day moving average of $21.28. The firm has a market capitalization of $1.53 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. Revolve Group has a 12 month low of $16.80 and a 12 month high of $39.58.

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

Institutional Trading of Revolve Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Revolve Group by 5.6% during the first quarter. Principal Financial Group Inc. now owns 102,440 shares of the company’s stock worth $2,201,000 after acquiring an additional 5,390 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Revolve Group by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock valued at $2,481,000 after purchasing an additional 3,827 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Revolve Group by 9.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 636,051 shares of the company’s stock worth $13,669,000 after purchasing an additional 56,290 shares during the period. CWM LLC lifted its stake in Revolve Group by 40.4% in the first quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after purchasing an additional 836 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in Revolve Group during the first quarter valued at about $5,246,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.