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

Revolve Group (NYSE:RVLV) had its price target increased by equities researchers at BMO Capital Markets from $13.00 to $15.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential downside of 30.75% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Evercore ISI upped their price target on Revolve Group from $17.00 to $20.00 and gave the company an “in-line” rating in a research report on Monday. BTIG Research upped their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Barclays lifted their target price on shares of Revolve Group from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. The Goldman Sachs Group began coverage on Revolve Group in a report on Wednesday, January 10th. They set a “sell” rating and a $12.00 price target for the company. Finally, Piper Sandler boosted their price objective on Revolve Group from $21.00 to $22.50 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Revolve Group has an average rating of “Hold” and an average price target of $20.50.

Revolve Group Trading Down 0.1 %

RVLV opened at $21.66 on Wednesday. The stock has a market cap of $1.53 billion, a PE ratio of 63.71, a P/E/G ratio of 1.38 and a beta of 2.15. Revolve Group has a 1 year low of $12.25 and a 1 year high of $23.19. The stock’s 50 day simple moving average is $20.30 and its 200-day simple moving average is $17.09.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 net margin of 2.63% and a return on equity of 7.11%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. Equities analysts forecast that Revolve Group will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

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