Revolve Group (NYSE:RVLV) Price Target Cut to $30.00

Revolve Group (NYSE:RVLVGet Rating) had its target price lowered by analysts at Barclays from $47.00 to $30.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 9.69% from the stock’s previous close.

RVLV has been the subject of several other research reports. Wedbush lowered their price objective on shares of Revolve Group from $68.00 to $59.00 in a research report on Wednesday, May 4th. KeyCorp began coverage on shares of Revolve Group in a research report on Wednesday, July 20th. They set an “overweight” rating and a $36.00 price target for the company. Cowen decreased their price target on shares of Revolve Group from $65.00 to $52.00 in a research report on Wednesday, May 4th. Robert W. Baird decreased their price target on shares of Revolve Group from $70.00 to $65.00 in a research report on Wednesday, May 4th. Finally, William Blair reissued an “outperform” rating on shares of Revolve Group in a research report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Revolve Group Stock Up 2.5 %

Shares of NYSE:RVLV opened at $27.35 on Thursday. The company has a quick ratio of 1.57, a current ratio of 2.39 and a debt-to-equity ratio of 0.04. Revolve Group has a 52-week low of $24.10 and a 52-week high of $89.60. The company has a 50 day moving average of $28.74 and a two-hundred day moving average of $40.32. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.99 and a beta of 2.19.

Revolve Group (NYSE:RVLVGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. Revolve Group had a net margin of 8.03% and a return on equity of 27.07%. The company had revenue of $283.50 million during the quarter, compared to the consensus estimate of $256.78 million. During the same quarter last year, the company earned $0.30 earnings per share. Revolve Group’s revenue for the quarter was up 58.5% on a year-over-year basis. As a group, analysts forecast that Revolve Group will post 1.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in Revolve Group by 41.6% in the second quarter. CWM LLC now owns 1,274 shares of the company’s stock valued at $33,000 after buying an additional 374 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Revolve Group by 421.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after buying an additional 1,350 shares during the last quarter. Castle Wealth Management LLC bought a new stake in Revolve Group in the second quarter valued at $63,000. Focused Wealth Management Inc bought a new stake in shares of Revolve Group during the first quarter valued at about $70,000. Finally, CX Institutional bought a new stake in shares of Revolve Group during the second quarter valued at about $147,000. 54.50% of the stock is currently owned by institutional investors.

Revolve Group Company Profile

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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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