Revolve Group (NYSE:RVLV) Stock Gets Price Target Cut from Raymond James Financial

Revolve Group (NYSE:RVLV) had its price objective trimmed by Raymond James Financial from $28.00 to $25.00 in a research report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on RVLV. Piper Sandler lifted their price target on shares of Revolve Group from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of Revolve Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. TD Cowen increased their price objective on shares of Revolve Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. BTIG Research restated a “buy” rating and issued a $35.00 target price on shares of Revolve Group in a research report on Friday, August 21st. Finally, Roth Capital restated a “buy” rating and issued a $37.00 target price on shares of Revolve Group in a research report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Revolve Group has a consensus rating of “Moderate Buy” and a consensus target price of $29.85.

Revolve Group Stock Down 0.0%

Revolve Group stock opened at $22.79 on Friday. Revolve Group has a 12-month low of $17.35 and a 12-month high of $31.68. The business’s 50-day moving average price is $21.96 and its two-hundred day moving average price is $22.50. The stock has a market cap of $1.62 billion, a PE ratio of 22.56, a P/E/G ratio of 2.83 and a beta of 1.70.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $347.41 million during the quarter, compared to the consensus estimate of $341.91 million. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, analysts expect that Revolve Group will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Revolve Group in the 2nd quarter valued at about $46,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Revolve Group in the first quarter valued at about $218,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Revolve Group during the second quarter worth about $259,000. OMERS ADMINISTRATION Corp bought a new position in shares of Revolve Group during the first quarter worth about $312,000. Finally, Inspire Investing LLC raised its position in shares of Revolve Group by 48.1% during the first quarter. Inspire Investing LLC now owns 22,775 shares of the company’s stock worth $515,000 after acquiring an additional 7,393 shares during the last quarter. 67.60% of the stock is owned by institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates a digital-first fashion retail business serving consumers through the REVOLVE and FWRD platforms. The company offers a curated selection of contemporary and luxury apparel, footwear, accessories, beauty products and lifestyle merchandise from third-party brands, as well as products from its own private-label brands.

REVOLVE is focused on trend-oriented fashion and uses data, digital marketing, social media and relationships with influencers and creators to reach its customer base.