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

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.44.

RVLV has been the topic of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $30.00 price objective on shares of Revolve Group in a report on Friday, August 23rd. TD Cowen upped their price target on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, August 26th. BTIG Research raised their price objective on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird boosted their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Evercore ISI increased their target price on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $25.78 on Friday. The business’s 50 day moving average price is $21.10 and its 200 day moving average price is $19.84. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 75.82, a PEG ratio of 2.28 and a beta of 2.04. Revolve Group has a one year low of $12.25 and a one year high of $25.96.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Revolve Group will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RVLV. Westfield Capital Management Co. LP purchased a new position in shares of Revolve Group in the 1st quarter valued at about $33,735,000. Allspring Global Investments Holdings LLC lifted its stake in Revolve Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock worth $17,478,000 after acquiring an additional 10,724 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after acquiring an additional 123,745 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Revolve Group by 51.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after purchasing an additional 229,964 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after purchasing an additional 280,151 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

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.