BMO Capital Markets Increases Revolve Group (NYSE:RVLV) Price Target to $15.00

Revolve Group (NYSE:RVLV) had its target price boosted by BMO Capital Markets from $13.00 to $15.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a market perform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley initiated coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They issued an equal weight rating for the company. UBS Group lifted their price target on shares of Revolve Group from $16.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Needham & Company LLC increased their price target on Revolve Group from $23.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday. Raymond James raised Revolve Group from a market perform rating to an outperform rating and set a $21.00 price objective for the company in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group started coverage on Revolve Group in a report on Wednesday, January 10th. They set a sell rating and a $12.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $20.50.

Revolve Group Stock Down 0.1 %

Shares of NYSE RVLV traded down $0.02 during mid-day trading on Wednesday, reaching $21.66. 1,110,061 shares of the company were exchanged, compared to its average volume of 1,096,638. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.19. The stock has a market capitalization of $1.53 billion, a P/E ratio of 56.71, a P/E/G ratio of 1.38 and a beta of 2.15. The company’s 50-day simple moving average is $20.31 and its 200-day simple moving average is $17.06.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The company had revenue of $270.60 million during the quarter, compared to analysts’ expectations of $271.80 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. As a group, equities research analysts expect that Revolve Group will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Revolve Group by 5.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock worth $101,615,000 after acquiring an additional 390,670 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Revolve Group by 38.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock valued at $7,271,000 after purchasing an additional 148,050 shares during the last quarter. Dark Forest Capital Management LP increased its position in shares of Revolve Group by 55.5% during the third quarter. Dark Forest Capital Management LP now owns 91,096 shares of the company’s stock worth $1,240,000 after buying an additional 32,530 shares during the period. Raymond James & Associates raised its stake in Revolve Group by 43.2% during the third quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock worth $3,421,000 after buying an additional 75,832 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in Revolve Group by 98.2% in the third quarter. Trexquant Investment LP now owns 166,899 shares of the company’s stock valued at $2,271,000 after buying an additional 82,686 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

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.