Revolve Group (NYSE:RVLV) Given New $25.00 Price Target at TD Cowen

Revolve Group (NYSE:RVLV) had its price objective decreased by TD Cowen from $31.00 to $25.00 in a research note issued to investors on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

RVLV has been the subject of several other reports. BTIG Research reiterated a “buy” rating and set a $35.00 price objective on shares of Revolve Group in a research note on Wednesday, October 28th. Weiss Ratings raised shares of Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Raymond James Financial lowered their price target on Revolve Group from $28.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Piper Sandler cut their price objective on Revolve Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus set a $31.00 price target on Revolve Group in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Revolve Group presently has an average rating of “Moderate Buy” and an average target price of $29.17.

Revolve Group Stock Down 7.5%

NYSE:RVLV opened at $19.92 on Wednesday. The company has a market cap of $1.42 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.72 and a beta of 1.62. The firm’s 50 day moving average is $21.62 and its two-hundred day moving average is $23.24. Revolve Group has a fifty-two week low of $17.35 and a fifty-two week high of $31.68.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Revolve Group had a net margin of 4.81% and a return on equity of 12.52%. The firm had revenue of $355.96 million during the quarter, compared to analyst estimates of $345.49 million. During the same quarter in the previous year, the business posted $0.29 EPS. Revolve Group’s revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that Revolve Group will post 0.80 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

Large investors have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC grew its position in Revolve Group by 36.7% in the first quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock worth $46,785,000 after buying an additional 555,153 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Revolve Group by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock valued at $20,444,000 after acquiring an additional 55,734 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Revolve Group by 48.2% during the 1st quarter. Bank of America Corp DE now owns 624,985 shares of the company’s stock worth $14,131,000 after acquiring an additional 203,216 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Revolve Group by 63.0% during the 1st quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company’s stock worth $11,613,000 after acquiring an additional 198,448 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Revolve Group by 9.8% in the 2nd quarter. Squarepoint Ops LLC now owns 182,224 shares of the company’s stock worth $4,171,000 after acquiring an additional 16,228 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

Key Stories Impacting Revolve Group

Here are the key news stories impacting Revolve Group this week:

• Positive Sentiment: Third-quarter revenue rose 20.4% year over year to $355.96 million, exceeding analysts’ estimate of $345.49 million. The company reported growth of 20% or more across REVOLVE and FWRD, and in domestic and international markets. Revolve Group Q3 results
• Neutral Sentiment: Analysts lowered price targets following the results, though their ratings remained supportive: TD Cowen cut its target from $31 to $25 while retaining Buy; Piper Sandler reduced its target from $30 to $26 and kept Overweight; UBS lowered its target from $27 to $26 and maintained Neutral.
• Negative Sentiment: Adjusted earnings were $0.20 per share, below the $0.22 consensus and down from $0.29 a year earlier. Reports attributed the profit pressure to rising operating costs and weaker margins, offsetting the strong revenue growth. Q3 earnings and rising costs
• Negative Sentiment: Revolve indicated fourth-quarter gross margin of 52.3%–52.8%, with fuel surcharges adding pressure to shipping costs. That outlook may keep investors focused on whether sales growth can translate into improved profitability. Q4 gross-margin outlook

Revolve Group Company Profile

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.