Stifel Nicolaus Boosts Revolve Group (NYSE:RVLV) Price Target to $24.00

Revolve Group (NYSE:RVLV) had its price target upped by equities researchers at Stifel Nicolaus from $20.00 to $24.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 23.33% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley initiated coverage on shares of Revolve Group in a report on Wednesday, February 28th. They set an “equal weight” rating for the company. UBS Group boosted their price objective on shares of Revolve Group from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Raymond James raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Wednesday, February 28th. TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $23.00 to $25.00 in a report on Thursday, March 21st. Finally, Evercore ISI upped their target price on shares of Revolve Group from $15.00 to $17.00 and gave the company an “in-line” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.09.

Revolve Group Stock Up 0.2 %

Shares of NYSE RVLV traded up $0.03 during midday trading on Friday, hitting $19.46. The stock had a trading volume of 244,081 shares, compared to its average volume of 1,080,621. The business’s 50 day moving average is $19.76 and its 200-day moving average is $16.69. The company has a market cap of $1.38 billion, a P/E ratio of 51.71, a PEG ratio of 1.39 and a beta of 2.17. Revolve Group has a 52 week low of $12.25 and a 52 week high of $23.19.

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

Institutional Trading of Revolve Group

Hedge funds have recently made changes to their positions in the business. CWM LLC raised its holdings in Revolve Group by 761.5% in the third quarter. CWM LLC now owns 2,929 shares of the company’s stock valued at $40,000 after acquiring an additional 2,589 shares in the last quarter. Raymond James & Associates grew its position in Revolve Group by 43.2% in the 3rd quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after buying an additional 75,832 shares during the last quarter. Assetmark Inc. grew its position in Revolve Group by 11.7% in the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after buying an additional 797 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Revolve Group by 50.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,725 shares of the company’s stock valued at $268,000 after acquiring an additional 6,657 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Revolve Group by 27.0% in the third quarter. Principal Financial Group Inc. now owns 38,344 shares of the company’s stock valued at $522,000 after acquiring an additional 8,157 shares during the period. Institutional investors and hedge funds 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.