Revolve Group (NYSE:RVLV) Stock Gets Price Target Reduction from UBS Group

Revolve Group (NYSE:RVLV) had its price objective decreased by UBS Group from $27.00 to $26.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler decreased their price target on shares of Revolve Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley set a $25.00 price objective on shares of Revolve Group in a research report on Wednesday. Stifel Nicolaus set a $31.00 price objective on shares of Revolve Group in a research note on Wednesday. Roth Capital restated a “buy” rating and issued a $37.00 target price on shares of Revolve Group in a report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Revolve Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Revolve Group Stock Performance

NYSE:RVLV traded down $0.44 during trading hours on Wednesday, reaching $18.60. The stock had a trading volume of 1,076,856 shares, compared to its average volume of 700,302. Revolve Group has a 52 week low of $17.35 and a 52 week high of $31.68. The company has a 50 day moving average price of $21.44 and a two-hundred day moving average price of $23.13. The stock has a market capitalization of $1.32 billion, a PE ratio of 20.21, a PEG ratio of 2.78 and a beta of 1.62.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $355.96 million for the quarter, compared to analysts’ expectations of $345.49 million. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Equities research analysts predict that Revolve Group will post 0.70 EPS for the current year.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC raised its position in Revolve Group by 36.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock worth $46,785,000 after purchasing an additional 555,153 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Revolve Group by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock valued at $20,444,000 after buying an additional 55,734 shares during the period. Bank of America Corp DE boosted its position in shares of Revolve Group by 48.2% during the first quarter. Bank of America Corp DE now owns 624,985 shares of the company’s stock valued at $14,131,000 after buying an additional 203,216 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Revolve Group by 63.0% during the first quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company’s stock valued at $11,613,000 after buying an additional 198,448 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of Revolve Group by 9.8% during the second quarter. Squarepoint Ops LLC now owns 182,224 shares of the company’s stock valued at $4,171,000 after buying an additional 16,228 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

About Revolve Group

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.