Revolve Group (NYSE:RVLV – Get Free Report) had its target price reduced by investment analysts at Raymond James Financial from $28.00 to $25.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 9.20% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of Revolve Group in a research report on Friday, August 21st. Roth Capital reissued a “buy” rating and set a $37.00 price objective on shares of Revolve Group in a research report on Wednesday, August 5th. TD Cowen upped their target price on shares of Revolve Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of Revolve Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Piper Sandler raised their target price on shares of Revolve Group from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Revolve Group has an average rating of “Moderate Buy” and an average price target of $29.85.
Check Out Our Latest Report on RVLV
Revolve Group Price Performance
Shares of NYSE RVLV traded down $0.32 during mid-day trading on Friday, hitting $22.89. The company had a trading volume of 508,348 shares, compared to its average volume of 994,827. The company has a market capitalization of $1.63 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 2.68 and a beta of 1.70. The business’s 50-day simple moving average is $21.99 and its 200 day simple moving average is $22.50. Revolve Group has a 1-year low of $17.35 and a 1-year high of $31.68.
Revolve Group (NYSE:RVLV – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, topping 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 firm had revenue of $347.41 million during the quarter, compared to analysts’ expectations of $341.91 million. During the same period in the previous year, the firm posted $0.14 EPS. Revolve Group’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that Revolve Group will post 0.82 EPS for the current year.
Hedge Funds Weigh In On Revolve Group
Several large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in shares of Revolve Group during the 2nd quarter worth about $46,000. Squarepoint Ops LLC increased its holdings in shares of Revolve Group by 9.8% in the 2nd quarter. Squarepoint Ops LLC now owns 182,224 shares of the company’s stock valued at $4,171,000 after acquiring an additional 16,228 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Revolve Group in the 2nd quarter valued at about $259,000. Madison Asset Management LLC acquired a new stake in shares of Revolve Group during the 2nd quarter worth about $2,946,000. Finally, Gradient Investments LLC acquired a new stake in shares of Revolve Group during the 2nd quarter worth about $1,437,000. Hedge funds and other institutional investors 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.
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