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

Revolve Group (NYSE:RVLV) had its target price boosted by investment analysts at Wedbush from $17.00 to $19.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Wedbush’s price target indicates a potential downside of 9.35% from the company’s current price.

A number of other brokerages have also weighed in on RVLV. Barclays raised their price target on shares of Revolve Group from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. BMO Capital Markets raised their target price on 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 boosted their price target on Revolve Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group lifted their target price on shares of Revolve Group from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Finally, TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $23.00 to $25.00 in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.97.

Revolve Group Stock Down 0.9 %

Shares of Revolve Group stock traded down $0.19 on Wednesday, reaching $20.96. The company’s stock had a trading volume of 555,466 shares, compared to its average volume of 1,081,809. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19. The company has a market capitalization of $1.48 billion, a P/E ratio of 55.40, a PEG ratio of 1.38 and a beta of 2.15. The stock has a 50-day moving average price of $20.30 and a 200-day moving average price of $17.03.

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

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of RVLV. Signaturefd LLC lifted its stake in Revolve Group by 452.4% during the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock worth $25,000 after purchasing an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Revolve Group during the 1st quarter valued at about $45,000. 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 acquiring an additional 797 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Revolve Group during the third quarter worth about $140,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Revolve Group in the fourth quarter valued at approximately $179,000. 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.