Revolve Group (NYSE:RVLV) Price Target Increased to $20.00 by Analysts at Evercore ISI

Revolve Group (NYSE:RVLV) had its target price upped by Evercore ISI from $17.00 to $20.00 in a research report released on Monday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays lifted their price target on shares of Revolve Group from $12.00 to $13.00 and gave the stock an underweight rating in a report on Thursday, February 29th. UBS Group upped their price target on Revolve Group from $16.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Wedbush lifted their price objective on Revolve Group from $12.00 to $17.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. TD Cowen upgraded Revolve Group from a market perform rating to an outperform rating and boosted their price objective for the company from $23.00 to $25.00 in a research note on Thursday, March 21st. Finally, Raymond James upgraded shares of Revolve Group from a market perform rating to an outperform rating and set a $21.00 target price for the company in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Revolve Group has an average rating of Hold and a consensus target price of $20.38.

Revolve Group Stock Performance

Shares of RVLV opened at $21.69 on Monday. Revolve Group has a 52 week low of $12.25 and a 52 week high of $23.19. The stock has a 50 day moving average price of $20.31 and a two-hundred day moving average price of $17.06. The firm has a market capitalization of $1.54 billion, a P/E ratio of 57.07, a P/E/G ratio of 1.38 and a beta of 2.15.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $270.60 million during the quarter, compared to the consensus estimate of $271.80 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. On average, equities analysts forecast that Revolve Group will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On Revolve Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after acquiring an additional 677 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Revolve Group during the 1st quarter valued at about $1,432,000. Essex Investment Management Co. LLC raised its position in Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after purchasing an additional 767 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Revolve Group in the 1st quarter worth approximately $1,591,000. Finally, Norden Group LLC grew its position in shares of Revolve Group by 38.3% in the 1st quarter. Norden Group LLC now owns 21,425 shares of the company’s stock worth $454,000 after buying an additional 5,929 shares during the last quarter. 67.60% of the stock is currently owned by 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.