Revolve Group (NYSE:RVLV) Shares Up 3.3%

Revolve Group, Inc. (NYSE:RVLV) traded up 3.3% during mid-day trading on Monday . The company traded as high as $19.33 and last traded at $19.32. 253,474 shares traded hands during trading, a decline of 77% from the average session volume of 1,111,474 shares. The stock had previously closed at $18.71.

Analyst Ratings Changes

RVLV has been the subject of a number of analyst reports. Evercore ISI upped their target price on Revolve Group from $15.00 to $17.00 and gave the stock an “in-line” rating in a report on Wednesday, February 28th. Stifel Nicolaus raised their price objective on Revolve Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. The Goldman Sachs Group started coverage on Revolve Group in a report on Wednesday, January 10th. They set a “sell” rating and a $12.00 price objective for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 target price on shares of Revolve Group in a research report on Thursday, January 4th. Finally, UBS Group raised their price target on Revolve Group from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Revolve Group has an average rating of “Hold” and an average price target of $18.85.

Revolve Group Price Performance

The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 49.34, a P/E/G ratio of 1.32 and a beta of 2.17. The stock has a fifty day simple moving average of $19.36 and a 200-day simple moving average of $16.46.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $257.78 million for the quarter, compared to the consensus estimate of $246.20 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. Revolve Group’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts expect that Revolve Group, Inc. will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of Revolve Group by 15.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 578,016 shares of the company’s stock valued at $9,584,000 after purchasing an additional 78,589 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Revolve Group by 4.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,271 shares of the company’s stock worth $419,000 after buying an additional 1,064 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Revolve Group by 4.0% during the 4th quarter. Legal & General Group Plc now owns 43,229 shares of the company’s stock worth $717,000 after buying an additional 1,659 shares during the last quarter. Barclays PLC raised its position in shares of Revolve Group by 84.6% during the 4th quarter. Barclays PLC now owns 123,198 shares of the company’s stock valued at $2,043,000 after buying an additional 56,462 shares during the period. Finally, Vident Advisory LLC acquired a new position in Revolve Group in the fourth quarter valued at approximately $245,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.