Revolve Group (NYSE:RVLV) Price Target Raised to $24.00 at Stifel Nicolaus

Revolve Group (NYSE:RVLV) had its target price hoisted by Stifel Nicolaus from $20.00 to $24.00 in a research note issued to investors on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. 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. Raymond James raised Revolve Group from a market perform rating to an outperform rating and set a $21.00 price target for the company in a research note on Wednesday, February 28th. TD Cowen raised Revolve Group from a market perform rating to an outperform rating and raised their price target for the stock from $23.00 to $25.00 in a research note on Thursday, March 21st. Robert W. Baird reaffirmed a neutral rating and issued a $17.00 price target on shares of Revolve Group in a research note on Thursday, January 4th. Finally, Jefferies Financial Group reissued a hold rating and set a $17.00 price objective on shares of Revolve Group in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $19.09.

Revolve Group Stock Up 2.0 %

RVLV stock opened at $19.81 on Friday. The company’s 50-day moving average price is $19.82 and its two-hundred day moving average price is $16.72. The firm has a market cap of $1.40 billion, a P/E ratio of 52.13, a P/E/G ratio of 1.36 and a beta of 2.17. Revolve Group has a 12 month low of $12.25 and a 12 month high of $23.19.

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

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in Revolve Group by 5.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock worth $101,615,000 after buying an additional 390,670 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Revolve Group by 38.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock valued at $7,271,000 after purchasing an additional 148,050 shares during the last quarter. Dark Forest Capital Management LP increased its position in shares of Revolve Group by 55.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 91,096 shares of the company’s stock valued at $1,240,000 after purchasing an additional 32,530 shares during the last quarter. Raymond James & Associates increased its position in shares of Revolve Group by 43.2% during the 3rd quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after purchasing an additional 75,832 shares during the last quarter. Finally, Trexquant Investment LP increased its position in shares of Revolve Group by 98.2% during the 3rd quarter. Trexquant Investment LP now owns 166,899 shares of the company’s stock valued at $2,271,000 after purchasing an additional 82,686 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.