Barclays Raises Revolve Group (NYSE:RVLV) Price Target to $15.00

Revolve Group (NYSE:RVLV) had its price target hoisted by Barclays from $13.00 to $15.00 in a report issued on Wednesday, Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price target on shares of Revolve Group from $20.00 to $24.00 and gave the company a buy rating in a research note on Friday, April 26th. BTIG Research raised their price target on Revolve Group from $22.00 to $24.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. Roth Mkm boosted their price objective on Revolve Group from $21.00 to $26.00 and gave the company a buy rating in a research note on Wednesday. Raymond James upgraded Revolve Group from a market perform rating to an outperform rating and set a $21.00 target price for the company in a research note on Wednesday, February 28th. Finally, Robert W. Baird upped their price target on Revolve Group from $19.00 to $23.00 and gave the company a neutral rating in a research report on Wednesday. Two equities 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’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $20.50.

Revolve Group Stock Performance

NYSE:RVLV traded down $0.02 during trading hours on Wednesday, reaching $21.66. The stock had a trading volume of 1,110,061 shares, compared to its average volume of 1,096,638. The stock has a market cap of $1.53 billion, a P/E ratio of 56.71, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15. The stock has a 50 day simple moving average of $20.31 and a 200 day simple moving average of $17.06. Revolve Group has a 12-month low of $12.25 and a 12-month high of $23.19.

Revolve Group (NYSE:RVLV) last announced 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. The company had revenue of $270.60 million during the quarter, compared to analyst estimates of $271.80 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, equities analysts expect that Revolve Group will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in Revolve Group by 43.2% during the 3rd quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after acquiring an additional 75,832 shares during the period. Assetmark Inc. boosted its stake in shares of Revolve Group by 11.7% during the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after purchasing an additional 797 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Revolve Group by 50.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,725 shares of the company’s stock worth $268,000 after purchasing an additional 6,657 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Revolve Group by 27.0% in the third quarter. Principal Financial Group Inc. now owns 38,344 shares of the company’s stock worth $522,000 after buying an additional 8,157 shares during the period. Finally, Signaturefd LLC raised its holdings in Revolve Group by 452.4% during the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after buying an additional 1,493 shares during the last quarter. 67.60% of the stock is owned by institutional investors.

Revolve Group Company Profile

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.