Revolve Group, Inc. (NYSE:RVLV) Stock Has Average Target Price of $30.08

Revolve Group, Inc. (NYSE:RVLV) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.08.

Several brokerages have recently issued reports on RVLV. Roth Capital reissued a “buy” rating and set a $37.00 price objective on shares of Revolve Group in a research note on Wednesday, August 5th. Weiss Ratings raised Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. TD Cowen lifted their target price on Revolve Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. UBS Group boosted their price target on Revolve Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Piper Sandler upped their price target on Revolve Group from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th.

Revolve Group Stock Performance

RVLV opened at $21.69 on Friday. Revolve Group has a 1 year low of $17.35 and a 1 year high of $31.68. The company’s 50 day simple moving average is $22.28 and its 200 day simple moving average is $22.50. The stock has a market capitalization of $1.54 billion, a PE ratio of 21.48, a P/E/G ratio of 2.68 and a beta of 1.70.

Revolve Group (NYSE:RVLV) last issued its quarterly 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 analyst estimates of $341.91 million. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. Revolve Group’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, sell-side analysts expect that Revolve Group will post 0.82 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

A number of institutional investors have recently modified their holdings of RVLV. Integrated Wealth Concepts LLC purchased a new position in Revolve Group in the second quarter valued at approximately $46,000. Squarepoint Ops LLC grew its stake in Revolve Group by 9.8% during the second quarter. Squarepoint Ops LLC now owns 182,224 shares of the company’s stock worth $4,171,000 after buying an additional 16,228 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Revolve Group in the second quarter worth $259,000. Madison Asset Management LLC acquired a new stake in shares of Revolve Group in the second quarter worth $2,946,000. Finally, Gradient Investments LLC purchased a new position in shares of Revolve Group in the 2nd quarter valued at $1,437,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

About Revolve Group

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.