Piper Sandler Cuts Revolve Group (NYSE:RVLV) Price Target to $27.00

Revolve Group (NYSE:RVLV) had its price target trimmed by Piper Sandler from $30.00 to $27.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Roth Mkm reissued a “buy” rating and issued a $33.00 price objective (up from $30.00) on shares of Revolve Group in a research report on Wednesday, February 25th. Robert W. Baird set a $28.00 price objective on shares of Revolve Group in a research report on Wednesday. KeyCorp decreased their price objective on shares of Revolve Group from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday. Wall Street Zen raised shares of Revolve Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 19th. Finally, UBS Group set a $27.00 price target on shares of Revolve Group in a research report on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.33.

Revolve Group Price Performance

NYSE:RVLV opened at $20.83 on Wednesday. The firm has a 50-day moving average of $24.14 and a two-hundred day moving average of $25.56. The stock has a market cap of $1.49 billion, a P/E ratio of 23.40, a PEG ratio of 2.18 and a beta of 1.76. Revolve Group has a 1-year low of $17.33 and a 1-year high of $31.68.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $342.88 million during the quarter, compared to analysts’ expectations of $328.84 million. Revolve Group had a net margin of 5.05% and a return on equity of 12.17%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. As a group, equities analysts expect that Revolve Group will post 0.86 earnings per share for the current year.

Insider Activity

In other news, CEO Michael Mente sold 60,923 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $26.43, for a total transaction of $1,610,194.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Karanikolas sold 1,948 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $25.93, for a total transaction of $50,511.64. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 152,806 shares of company stock worth $4,014,390 in the last ninety days. Corporate insiders own 42.67% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Revolve Group in the fourth quarter worth about $40,000. State of Alaska Department of Revenue bought a new position in Revolve Group in the third quarter worth about $46,000. Quarry LP lifted its holdings in Revolve Group by 6,932.1% in the third quarter. Quarry LP now owns 3,727 shares of the company’s stock worth $79,000 after acquiring an additional 3,674 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Revolve Group by 50.0% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,500 shares of the company’s stock worth $136,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Revolve Group in the third quarter worth about $125,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.