Revolve Group (NYSE:RVLV) Coverage Initiated by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Revolve Group (NYSE:RVLV) in a report released on Friday morning,Zacks reports. The firm issued a strong-buy rating on the stock.

RVLV has been the subject of several other reports. BTIG Research reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Revolve Group in a research note on Wednesday. Roth Capital reaffirmed a “buy” rating and set a $37.00 price objective on shares of Revolve Group in a report on Wednesday, August 5th. Raymond James Financial decreased their target price on Revolve Group from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Piper Sandler upped their target price on Revolve Group from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen cut Revolve Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.69.

Revolve Group Trading Down 3.0%

Shares of RVLV opened at $22.39 on Friday. The firm’s 50-day moving average is $21.76 and its two-hundred day moving average is $23.38. Revolve Group has a twelve month low of $17.35 and a twelve month high of $31.68. The firm has a market capitalization of $1.59 billion, a P/E ratio of 22.17, a PEG ratio of 2.92 and a beta of 1.70.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $347.41 million during the quarter, compared to the consensus estimate of $341.91 million. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. Analysts predict that Revolve Group will post 0.80 EPS for the current year.

Institutional Trading of Revolve Group

Several large investors have recently modified their holdings of RVLV. Sterling Capital Management LLC increased its position in Revolve Group by 842.6% during the third quarter. Sterling Capital Management LLC now owns 1,395 shares of the company’s stock worth $30,000 after buying an additional 1,247 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Revolve Group in the second quarter worth $46,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Revolve Group in the first quarter valued at $218,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Revolve Group in the second quarter valued at $259,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Revolve Group in the first quarter valued at $312,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Company Profile

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.