FY2024 EPS Estimates for Revolve Group, Inc. (NYSE:RVLV) Cut by William Blair

Revolve Group, Inc. (NYSE:RVLV) – Equities research analysts at William Blair reduced their FY2024 earnings per share estimates for Revolve Group in a report issued on Tuesday, May 7th. William Blair analyst D. Carden now forecasts that the company will earn $0.39 per share for the year, down from their prior estimate of $0.43. The consensus estimate for Revolve Group’s current full-year earnings is $0.48 per share.

A number of other equities research analysts have also recently issued reports on RVLV. Morgan Stanley began coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They issued an “equal weight” rating for the company. BMO Capital Markets increased their target price on shares of Revolve Group from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday. Barclays lifted their price target on shares of Revolve Group from $13.00 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday. Roth Mkm increased their price target on Revolve Group from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Evercore ISI lifted their price objective on Revolve Group from $17.00 to $20.00 and gave the company an “in-line” rating in a report on Monday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Revolve Group currently has an average rating of “Hold” and an average price target of $20.50.

Revolve Group Price Performance

RVLV stock opened at $21.66 on Friday. Revolve Group has a one year low of $12.25 and a one year high of $23.19. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 63.71, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15. The company has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $17.09.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The company had revenue of $270.60 million during the quarter, compared to analysts’ expectations of $271.80 million. During the same period in the prior year, the firm earned $0.19 earnings per share. Revolve Group’s revenue for the quarter was down 3.2% compared to the same quarter last year.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in RVLV. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Revolve Group by 5.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock worth $101,615,000 after acquiring an additional 390,670 shares during the last quarter. Norden Group LLC lifted its stake in Revolve Group by 2,269.6% in the first quarter. Norden Group LLC now owns 367,200 shares of the company’s stock worth $7,774,000 after purchasing an additional 351,704 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Revolve Group in the third quarter worth $3,820,000. Stephens Investment Management Group LLC boosted its position in Revolve Group by 51.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after buying an additional 229,964 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Revolve Group during the third quarter valued at about $2,945,000. 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.