Revolve Group (NYSE:RVLV) Price Target Raised to $20.00 at Evercore ISI

Revolve Group (NYSE:RVLV) had its price objective raised by Evercore ISI from $17.00 to $20.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an in-line rating on the stock.

A number of other research analysts also recently issued reports on the company. UBS Group raised their price target on Revolve Group from $16.00 to $20.00 and gave the stock a neutral rating in a research note on Wednesday, April 10th. Piper Sandler raised their price target on Revolve Group from $21.00 to $22.50 and gave the stock an overweight rating in a research note on Wednesday, February 28th. Barclays lifted their target price on Revolve Group from $12.00 to $13.00 and gave the company an underweight rating in a research note on Thursday, February 29th. The Goldman Sachs Group started coverage on Revolve Group in a research note on Wednesday, January 10th. They issued a sell rating and a $12.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Revolve Group in a research note on Wednesday, February 28th. They issued an equal weight rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $19.26.

Revolve Group Stock Performance

RVLV stock opened at $21.16 on Monday. The firm has a market cap of $1.50 billion, a PE ratio of 54.58, a PEG ratio of 1.38 and a beta of 2.15. The firm’s 50 day moving average price is $20.23 and its 200-day moving average price is $16.98. Revolve Group has a one year low of $12.25 and a one year high of $23.19.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, February 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The company had revenue of $257.78 million during the quarter, compared to analysts’ expectations of $246.20 million. During the same period last year, the business posted $0.11 EPS. Revolve Group’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts predict that Revolve Group will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of Revolve Group by 452.4% in the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock worth $25,000 after acquiring an additional 1,493 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Revolve Group in the first quarter valued at $45,000. Assetmark Inc. increased its stake in Revolve Group by 11.7% in the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after purchasing an additional 797 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new position in Revolve Group in the first quarter valued at $216,000. Finally, Corton Capital Inc. acquired a new position in Revolve Group in the third quarter valued at $140,000. 67.60% of the stock is 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.