Revolve Group, Inc. (NYSE:RVLV) Stock Has Consensus Price Target of $30.08

Shares of Revolve Group, Inc. (NYSE:RVLV) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $30.08.

RVLV has been the subject of a number of research analyst reports. TD Cowen upped their price target on Revolve Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. BTIG Research reissued a “buy” rating and set a $35.00 price objective on shares of Revolve Group in a report on Friday, August 21st. Piper Sandler boosted their price objective on shares of Revolve Group from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Roth Capital restated a “buy” rating and issued a $37.00 target price on shares of Revolve Group in a report on Wednesday, August 5th. Finally, UBS Group increased their target price on shares of Revolve Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th.

Revolve Group Price Performance

Revolve Group stock opened at $21.08 on Friday. The stock has a market cap of $1.50 billion, a PE ratio of 20.87, a P/E/G ratio of 2.57 and a beta of 1.70. The stock’s fifty day moving average is $22.63 and its two-hundred day moving average is $22.53. Revolve Group has a 1-year low of $17.35 and a 1-year high of $31.68.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%.The business had revenue of $347.41 million during the quarter, compared to analysts’ expectations of $341.91 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts expect that Revolve Group will post 0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently bought and sold shares of the stock. Gradient Investments LLC acquired a new stake in shares of Revolve Group in the 2nd quarter valued at about $1,437,000. Dimensional Fund Advisors LP grew its stake in Revolve Group by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock worth $20,444,000 after buying an additional 55,734 shares during the last quarter. Madison Asset Management LLC acquired a new position in Revolve Group during the second quarter worth approximately $2,946,000. Segall Bryant & Hamill LLC increased its position in Revolve Group by 63.0% during the first quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company’s stock worth $11,613,000 after buying an additional 198,448 shares during the period. Finally, Cooper Creek Partners Management LLC increased its position in Revolve Group by 36.7% during the first quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock worth $46,785,000 after buying an additional 555,153 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

About Revolve Group

Revolve Group, Inc operates a digital-first fashion retail business serving consumers through the REVOLVE and FWRD platforms. The company offers a curated selection of contemporary and luxury apparel, footwear, accessories, beauty products and lifestyle merchandise from third-party brands, as well as products from its own private-label brands.

REVOLVE is focused on trend-oriented fashion and uses data, digital marketing, social media and relationships with influencers and creators to reach its customer base.