Revolve Group’s (RVLV) Buy Rating Reaffirmed at BTIG Research

Revolve Group (NYSE:RVLVGet Free Report)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a research note issued to investors on Friday,Benzinga reports. They currently have a $35.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 45.17% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Roth Capital restated a “buy” rating and issued a $37.00 price objective on shares of Revolve Group in a research report on Wednesday, August 5th. TD Cowen increased their target price on Revolve Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Piper Sandler raised their price target on Revolve Group from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Robert W. Baird set a $28.00 price target on Revolve Group in a research note on Wednesday, May 6th. Finally, KeyCorp dropped their price objective on Revolve Group from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.08.

View Our Latest Report on RVLV

Revolve Group Trading Up 1.0%

NYSE:RVLV opened at $24.11 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of 23.87, a PEG ratio of 2.97 and a beta of 1.60. The stock’s 50 day simple moving average is $23.74 and its 200-day simple moving average is $23.34. Revolve Group has a 12-month low of $17.35 and a 12-month high of $31.68.

Revolve Group (NYSE:RVLVGet Free Report) last announced 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 net margin of 5.54% and a return on equity of 13.38%. The company had revenue of $347.41 million for the quarter, compared to analysts’ expectations of $341.91 million. During the same period in the previous year, the company posted $0.14 EPS. Revolve Group’s revenue was up 12.5% compared to the same quarter last year. Research analysts forecast that Revolve Group will post 0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Revolve Group in the 4th quarter worth about $59,421,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Revolve Group in the third quarter valued at about $22,164,000. Balyasny Asset Management L.P. grew its position in Revolve Group by 830.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company’s stock valued at $20,248,000 after acquiring an additional 901,396 shares in the last quarter. Marshall Wace LLP increased its stake in Revolve Group by 89.3% during the 3rd quarter. Marshall Wace LLP now owns 1,031,294 shares of the company’s stock worth $21,967,000 after buying an additional 486,616 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Revolve Group by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock worth $129,795,000 after acquiring an additional 360,598 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Revolve Group (NYSE:RVLV)

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