Brokerages Set Revolve Group, Inc. (NYSE:RVLV) Price Target at $18.85

Shares of Revolve Group, Inc. (NYSE:RVLV) have earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.85.

A number of brokerages have recently issued reports on RVLV. TD Cowen upgraded Revolve Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $23.00 to $25.00 in a report on Thursday, March 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $17.00 price target on shares of Revolve Group in a report on Thursday, January 4th. Wedbush boosted their target price on Revolve Group from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Stifel Nicolaus boosted their target price on Revolve Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Barclays boosted their target price on Revolve Group from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th.

Revolve Group Stock Up 0.4 %

Shares of NYSE:RVLV opened at $19.13 on Tuesday. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19. The stock has a market cap of $1.35 billion, a P/E ratio of 50.34, a price-to-earnings-growth ratio of 1.32 and a beta of 2.17. The business’s 50 day moving average is $19.51 and its 200 day moving average is $16.49.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The company had revenue of $257.78 million for the quarter, compared to analysts’ expectations of $246.20 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Revolve Group’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that Revolve Group will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Revolve Group by 1.5% during the 1st quarter. Rhumbline Advisers now owns 41,888 shares of the company’s stock worth $2,249,000 after buying an additional 613 shares in the last quarter. Assetmark Inc. increased its stake in Revolve Group by 8.3% during the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after buying an additional 631 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Revolve Group by 8.4% in the first quarter. Ameriprise Financial Inc. now owns 10,501 shares of the company’s stock valued at $266,000 after purchasing an additional 812 shares in the last quarter. Swiss National Bank grew its position in shares of Revolve Group by 1.0% in the second quarter. Swiss National Bank now owns 88,800 shares of the company’s stock valued at $1,456,000 after purchasing an additional 900 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Revolve Group by 1.0% in the second quarter. Nuveen Asset Management LLC now owns 104,528 shares of the company’s stock valued at $1,714,000 after purchasing an additional 999 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

About Revolve Group

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.