Revolve Group, Inc. (NYSE:RVLV) Receives Average Rating of “Hold” from Brokerages

Revolve Group, Inc. (NYSE:RVLV) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.85.

Several equities research analysts have commented on RVLV shares. BTIG Research boosted their price target on shares of Revolve Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group assumed coverage on shares of Revolve Group in a research report on Wednesday, January 10th. They set a “sell” rating and a $12.00 price target on the stock. Barclays upped their target price on shares of Revolve Group from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. Needham & Company LLC upped their target price on shares of Revolve Group from $16.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Piper Sandler upped their target price on shares of Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a report on Wednesday, February 28th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RVLV. Signaturefd LLC grew its position in shares of Revolve Group by 452.4% during the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock worth $25,000 after purchasing an additional 1,493 shares in the last quarter. CWM LLC grew its position in shares of Revolve Group by 761.5% during the 3rd quarter. CWM LLC now owns 2,929 shares of the company’s stock worth $40,000 after purchasing an additional 2,589 shares in the last quarter. Assetmark Inc. grew its position in shares of Revolve Group by 11.7% during the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after purchasing an additional 797 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Revolve Group during the 3rd quarter worth approximately $133,000. Finally, Corton Capital Inc. acquired a new position in shares of Revolve Group during the 3rd quarter worth approximately $140,000. 67.60% of the stock is owned by institutional investors.

Revolve Group Trading Down 0.2 %

Shares of NYSE RVLV opened at $19.16 on Tuesday. The company has a fifty day moving average price of $19.60 and a 200 day moving average price of $16.61. Revolve Group has a 1-year low of $12.25 and a 1-year high of $23.19. The firm has a market cap of $1.36 billion, a PE ratio of 50.42, a PEG ratio of 1.35 and a beta of 2.17.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The firm had revenue of $257.78 million for the quarter, compared to analysts’ expectations of $246.20 million. During the same period in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts forecast that Revolve Group will post 0.48 EPS for the current year.

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.