Revolve Group (NYSE:RVLV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Revolve Group (NYSE:RVLV) from a hold rating to a buy rating in a report released on Saturday.

Several other analysts also recently issued reports on the stock. Raymond James Financial upped their price target 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. UBS Group upped their target price on Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Roth Capital reiterated a “buy” rating and set a $30.00 target price (up previously from $27.00) on shares of Revolve Group in a report on Wednesday, November 5th. Barclays boosted their price target on Revolve Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Finally, Zacks Research lowered Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Revolve Group presently has a consensus rating of “Moderate Buy” and an average target price of $25.92.

Revolve Group Stock Performance

Revolve Group stock opened at $20.68 on Friday. Revolve Group has a fifty-two week low of $16.80 and a fifty-two week high of $39.58. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.33 and a beta of 1.93. The stock’s fifty day moving average is $22.14 and its two-hundred day moving average is $21.35.

Revolve Group (NYSE:RVLV) last released 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 business had revenue of $295.63 million for the quarter, compared to analyst estimates of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. As a group, sell-side analysts forecast that Revolve Group will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Revolve Group by 2.6% during the first quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company’s stock worth $84,469,000 after buying an additional 98,413 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings 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 worth $50,800,000 after acquiring an additional 506,225 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Revolve Group by 3.7% during the 3rd quarter. William Blair Investment Management LLC now owns 1,841,578 shares of the company’s stock worth $39,226,000 after acquiring an additional 65,843 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Revolve Group by 18.4% in the third quarter. Balyasny Asset Management L.P. now owns 1,196,171 shares of the company’s stock worth $25,478,000 after acquiring an additional 186,294 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in Revolve Group in the third quarter valued at approximately $22,164,000. 67.60% of the stock is currently 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.