Revolve Group (NYSE:RVLV) Price Target Raised to $25.00

Revolve Group (NYSE:RVLV) had its target price raised by stock analysts at UBS Group from $21.00 to $25.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential downside of 5.37% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Robert W. Baird boosted their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Wedbush reiterated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. TD Cowen increased their target price on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI lifted their price target on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Finally, BTIG Research upped their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Revolve Group has an average rating of “Hold” and an average price target of $21.81.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded up $0.13 during mid-day trading on Thursday, reaching $26.42. 213,591 shares of the company’s stock were exchanged, compared to its average volume of 1,016,689. Revolve Group has a twelve month low of $12.42 and a twelve month high of $26.69. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.41 and a beta of 2.05. The business’s fifty day moving average price is $23.84 and its 200-day moving average price is $20.41.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Analysts predict that Revolve Group will post 0.55 EPS for the current fiscal year.

Insider Activity at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a filing with the SEC, which is available through this link. 46.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently modified their holdings of the company. Comerica Bank grew its position in Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after buying an additional 178,475 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of Revolve Group during the 1st quarter valued at approximately $1,591,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Revolve Group during the 1st quarter valued at approximately $1,432,000. Silvercrest Asset Management Group LLC increased its stake in shares of Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after purchasing an additional 134,775 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock worth $630,000 after purchasing an additional 23,652 shares during the period. Institutional investors own 67.60% of the company’s stock.

About Revolve Group

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.