Revolve Group, Inc. (NYSE:RVLV) Stock Has Consensus Target Price of $29.69 According to Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $29.69.

Several equities analysts recently commented on the company. BTIG Research reiterated a “buy” rating and issued a $35.00 price objective on shares of Revolve Group in a research note on Wednesday. TD Cowen began coverage on shares of Revolve Group in a research note on Friday. They set a “strong-buy” rating on the stock. Roth Capital restated a “buy” rating and set a $37.00 target price on shares of Revolve Group in a research report on Wednesday, August 5th. Raymond James Financial decreased their price target on Revolve Group from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings upgraded Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors have recently made changes to their positions in RVLV. Sterling Capital Management LLC increased its stake in Revolve Group by 842.6% during the 3rd 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 during the period. Integrated Wealth Concepts LLC acquired a new stake in Revolve Group in the 2nd quarter valued at about $46,000. Elevation Point Wealth Partners LLC acquired a new stake in Revolve Group during the 1st quarter worth about $218,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Revolve Group in the 2nd quarter valued at about $259,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Revolve Group in the first quarter worth approximately $312,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Stock Down 0.2%

NYSE:RVLV opened at $22.39 on Wednesday. The firm has a 50-day moving average price of $21.76 and a 200 day moving average price of $23.38. Revolve Group has a 12-month low of $17.35 and a 12-month high of $31.68. The firm has a market capitalization of $1.59 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.83 and a beta of 1.62.

Revolve Group (NYSE:RVLV) last announced its 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. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%. The business had revenue of $347.41 million for the quarter, compared to analyst estimates of $341.91 million. During the same quarter last year, the firm earned $0.14 EPS. Revolve Group’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts expect that Revolve Group will post 0.80 EPS for the current year.

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.