Revolve Group (NYSE:RVLV) Stock Price Expected to Rise, Evercore ISI Analyst Says

Revolve Group (NYSE:RVLV) had its price objective increased by research analysts at Evercore ISI from $19.00 to $21.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential downside of 0.52% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Roth Capital restated a “buy” rating and set a $24.00 price objective (up from $19.00) on shares of Revolve Group in a research note on Tuesday, August 5th. Raymond James Financial increased their target price on shares of Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Revolve Group in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of Revolve Group from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Barclays lifted their target price on shares of Revolve Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and an average target price of $25.92.

Revolve Group Stock Performance

Shares of NYSE RVLV opened at $21.11 on Wednesday. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.40 and a beta of 1.93. Revolve Group has a fifty-two week low of $16.80 and a fifty-two week high of $39.58. The firm’s 50-day simple moving average is $22.32 and its 200 day simple moving average is $21.26.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. The firm had revenue of $295.63 million during the quarter, compared to the consensus estimate of $297.36 million. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. On average, sell-side analysts predict that Revolve Group will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Revolve Group

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Revolve Group by 2.6% during the first quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company’s stock valued at $84,469,000 after purchasing an additional 98,413 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of Revolve Group by 27.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company’s stock valued at $50,800,000 after buying an additional 506,225 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Revolve Group by 80.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,775,735 shares of the company’s stock worth $35,603,000 after acquiring an additional 790,205 shares during the period. Balyasny Asset Management L.P. increased its holdings in Revolve Group by 830.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company’s stock worth $20,248,000 after acquiring an additional 901,396 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Revolve Group by 6,190.7% in the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company’s stock worth $21,204,000 after acquiring an additional 1,002,893 shares during the last quarter. 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.