Revolve Group, Inc. (NYSE:RVLV) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV) have received an average rating of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.44.

RVLV has been the topic of several research analyst reports. Evercore ISI increased their target price on shares of Revolve Group from $17.00 to $20.00 and gave the stock an “in-line” rating in a research note on Monday, May 6th. BMO Capital Markets increased their target price on shares of Revolve Group from $13.00 to $15.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Barclays cut their target price on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, July 18th. Wedbush increased their target price on shares of Revolve Group from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, BTIG Research raised their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RVLV. Vanguard Group Inc. lifted its position in shares of Revolve Group by 0.5% during the third quarter. Vanguard Group Inc. now owns 3,915,304 shares of the company’s stock valued at $53,287,000 after purchasing an additional 18,228 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Revolve Group during the fourth quarter worth about $415,000. Raymond James & Associates increased its holdings in Revolve Group by 0.6% during the fourth quarter. Raymond James & Associates now owns 252,947 shares of the company’s stock worth $4,194,000 after buying an additional 1,565 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Revolve Group by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 814,882 shares of the company’s stock worth $13,511,000 after buying an additional 59,354 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Revolve Group by 39.1% during the fourth quarter. Federated Hermes Inc. now owns 85,400 shares of the company’s stock worth $1,416,000 after buying an additional 23,995 shares during the last quarter. 67.60% of the stock is owned by institutional investors.

Revolve Group Stock Up 3.5 %

RVLV opened at $19.11 on Thursday. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.19. The company has a fifty day moving average of $17.25 and a 200-day moving average of $18.25. The stock has a market cap of $1.35 billion, a PE ratio of 56.21, a price-to-earnings-growth ratio of 2.52 and a beta of 2.09.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. Revolve Group had a net margin of 2.34% and a return on equity of 6.30%. The company had revenue of $270.60 million during the quarter, compared to analysts’ expectations of $271.80 million. During the same period in the prior year, the company posted $0.19 earnings per share. Revolve Group’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Revolve Group will post 0.47 EPS for the current fiscal year.

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.