Revolve Group (NYSE:RVLV) Stock Gets Price Target Trim from Piper Sandler

Revolve Group (NYSE:RVLV) had its target price cut by Piper Sandler from $30.00 to $26.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Revolve Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. BTIG Research reiterated a “buy” rating and set a $35.00 price objective on shares of Revolve Group in a report on Wednesday, October 28th. Roth Capital reissued a “buy” rating and set a $37.00 price objective on shares of Revolve Group in a research report on Wednesday, August 5th. Raymond James Financial reduced their target price on Revolve Group from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings upgraded Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Revolve Group presently has an average rating of “Moderate Buy” and an average price target of $29.17.

Revolve Group Stock Performance

Shares of RVLV stock traded down $0.44 during trading hours on Wednesday, hitting $18.60. 1,076,856 shares of the company were exchanged, compared to its average volume of 700,302. The firm has a market cap of $1.32 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.78 and a beta of 1.62. Revolve Group has a fifty-two week low of $17.35 and a fifty-two week high of $31.68. The company has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $23.13.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The company had revenue of $355.96 million for the quarter, compared to analyst estimates of $345.49 million. During the same quarter in the previous year, the firm earned $0.29 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that Revolve Group will post 0.70 EPS for the current fiscal year.

Institutional Trading of Revolve Group

Several hedge funds have recently bought and sold shares of RVLV. Sterling Capital Management LLC increased its stake in Revolve Group by 842.6% during the 3rd quarter. Sterling Capital Management LLC now owns 1,395 shares of the company’s stock valued at $30,000 after purchasing an additional 1,247 shares in the last quarter. Allworth Financial LP raised its holdings in Revolve Group by 76.4% during the third quarter. Allworth Financial LP now owns 1,452 shares of the company’s stock worth $33,000 after buying an additional 629 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Revolve Group in the second quarter valued at $46,000. Elevation Point Wealth Partners LLC bought a new position in shares of Revolve Group in the first quarter valued at $218,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Revolve Group during the second quarter valued at about $259,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.