Revolve Group (NYSE:RVLV) Price Target Increased to $19.00 by Analysts at Wedbush

Revolve Group (NYSE:RVLV) had its price objective raised by Wedbush from $17.00 to $19.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

RVLV has been the topic of several other reports. BMO Capital Markets increased their price objective on shares of Revolve Group from $13.00 to $15.00 and gave the company a market perform rating in a research report on Wednesday. Needham & Company LLC raised their price target on shares of Revolve Group from $23.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday. Robert W. Baird raised their price target on shares of Revolve Group from $19.00 to $23.00 and gave the stock a neutral rating in a research report on Wednesday. Evercore ISI raised their price target on shares of Revolve Group from $17.00 to $20.00 and gave the stock an in-line rating in a research report on Monday. Finally, Stifel Nicolaus raised their price target on shares of Revolve Group from $20.00 to $24.00 and gave the stock a buy rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Revolve Group currently has a consensus rating of Hold and a consensus price target of $20.50.

Revolve Group Price Performance

RVLV stock traded down $0.02 during trading hours on Wednesday, reaching $21.66. The stock had a trading volume of 1,110,061 shares, compared to its average volume of 1,096,638. The stock has a market capitalization of $1.53 billion, a PE ratio of 56.71, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15. The stock has a 50-day simple moving average of $20.31 and a 200 day simple moving average of $17.06. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $23.19.

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

Institutional Investors Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in shares of Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after acquiring an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Revolve Group in the 1st quarter valued at $45,000. Assetmark Inc. increased its stake in Revolve Group by 11.7% during the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after purchasing an additional 797 shares in the last quarter. Corton Capital Inc. bought a new stake in Revolve Group during the 3rd quarter valued at $140,000. Finally, Handelsbanken Fonder AB bought a new stake in Revolve Group during the 4th quarter valued at $179,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Company Profile

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.