Roth Mkm Increases Revolve Group (NYSE:RVLV) Price Target to $26.00

Revolve Group (NYSE:RVLV) had its price target lifted by equities research analysts at Roth Mkm from $21.00 to $26.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective points to a potential upside of 24.34% from the company’s current price.

RVLV has been the topic of several other research reports. Morgan Stanley initiated coverage on shares of Revolve Group in a report on Wednesday, February 28th. They issued an “equal weight” rating on the stock. Evercore ISI raised their price objective on Revolve Group from $17.00 to $20.00 and gave the company an “in-line” rating in a research report on Monday. BTIG Research raised their price objective on Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. UBS Group raised their price objective on Revolve Group from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler raised their price objective on Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.26.

Revolve Group Stock Down 1.1 %

Shares of Revolve Group stock traded down $0.24 on Wednesday, hitting $20.91. The stock had a trading volume of 626,589 shares, compared to its average volume of 1,083,290. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 54.45, a PEG ratio of 1.38 and a beta of 2.15. The stock’s 50-day simple moving average is $20.30 and its two-hundred day simple moving average is $17.03. Revolve Group has a one year low of $12.25 and a one year high of $23.19.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $270.60 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, equities analysts predict that Revolve Group will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently bought and sold shares of RVLV. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Revolve Group by 5.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock valued at $101,615,000 after purchasing an additional 390,670 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Revolve Group by 38.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock valued at $7,271,000 after purchasing an additional 148,050 shares during the period. Dark Forest Capital Management LP grew its stake in shares of Revolve Group by 55.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 91,096 shares of the company’s stock valued at $1,240,000 after purchasing an additional 32,530 shares during the period. Raymond James & Associates grew its stake in shares of Revolve Group by 43.2% during the 3rd quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after purchasing an additional 75,832 shares during the period. Finally, Trexquant Investment LP grew its stake in shares of Revolve Group by 98.2% during the 3rd quarter. Trexquant Investment LP now owns 166,899 shares of the company’s stock valued at $2,271,000 after purchasing an additional 82,686 shares during the period. 67.60% of the stock is currently owned by institutional investors.

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.