Revolve Group (NYSE:RVLV) PT Lowered to $59.00

Revolve Group (NYSE:RVLVGet Rating) had its price target cut by investment analysts at Wedbush from $68.00 to $59.00 in a research note issued on Wednesday, The Fly reports. Wedbush’s target price suggests a potential upside of 59.50% from the company’s current price. Wedbush also issued estimates for Revolve Group’s Q2 2022 earnings at $0.27 EPS, Q3 2022 earnings at $0.26 EPS, Q4 2022 earnings at $0.35 EPS and FY2023 earnings at $1.53 EPS.

RVLV has been the topic of several other research reports. Stifel Nicolaus assumed coverage on Revolve Group in a research report on Tuesday, March 8th. They issued a “buy” rating and a $51.00 price objective on the stock. Raymond James dropped their price target on Revolve Group from $73.00 to $62.00 in a research report on Wednesday. Credit Suisse Group dropped their price target on Revolve Group from $74.00 to $58.00 in a research report on Wednesday. Robert W. Baird dropped their price target on Revolve Group from $70.00 to $65.00 in a research report on Wednesday. Finally, Zacks Investment Research raised Revolve Group from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, April 28th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $66.00.

RVLV stock opened at $36.99 on Wednesday. The stock’s fifty day simple moving average is $49.63 and its two-hundred day simple moving average is $58.29. The company has a current ratio of 2.75, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. Revolve Group has a 1-year low of $32.93 and a 1-year high of $89.60. The stock has a market cap of $2.71 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.19 and a beta of 2.32.

Revolve Group (NYSE:RVLVGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Revolve Group had a return on equity of 36.56% and a net margin of 11.20%. The business had revenue of $283.50 million for the quarter, compared to analysts’ expectations of $256.78 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 58.5% on a year-over-year basis. As a group, analysts forecast that Revolve Group will post 1.21 earnings per share for the current fiscal year.

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,202 shares of the company’s stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $52.19, for a total value of $1,732,812.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 21,443 shares of the stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $52.02, for a total value of $1,115,464.86. The disclosure for this sale can be found here. Insiders sold a total of 359,785 shares of company stock worth $19,149,373 over the last 90 days. Corporate insiders own 51.12% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. William Blair Investment Management LLC increased its position in shares of Revolve Group by 14.2% during the 4th quarter. William Blair Investment Management LLC now owns 3,744,966 shares of the company’s stock valued at $209,868,000 after purchasing an additional 466,908 shares during the last quarter. BlackRock Inc. increased its position in shares of Revolve Group by 2.9% during the 4th quarter. BlackRock Inc. now owns 2,572,533 shares of the company’s stock valued at $144,163,000 after purchasing an additional 71,635 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Revolve Group by 20.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,397,390 shares of the company’s stock valued at $75,026,000 after purchasing an additional 239,140 shares during the last quarter. Marshall Wace LLP increased its position in shares of Revolve Group by 258.8% during the 4th quarter. Marshall Wace LLP now owns 1,330,838 shares of the company’s stock valued at $74,578,000 after purchasing an additional 959,875 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Revolve Group by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,061,000 shares of the company’s stock valued at $59,458,000 after purchasing an additional 190,700 shares during the last quarter. Hedge funds and other institutional investors own 54.50% of the company’s stock.

About Revolve Group (Get Rating)

Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

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