Revolve Group (NYSE:RVLV) Shares Down 4.1% – Time to Sell?

Revolve Group, Inc. (NYSE:RVLV)’s share price dropped 4.1% during trading on Tuesday . The stock traded as low as $22.03 and last traded at $21.60. Approximately 196,281 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,192,363 shares. The stock had previously closed at $22.53.

Analysts Set New Price Targets

A number of brokerages have weighed in on RVLV. Roth Mkm reiterated a “buy” rating and issued a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Piper Sandler reduced their price target on Revolve Group from $35.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, April 11th. KeyCorp dropped their price objective on Revolve Group from $37.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus reduced their target price on Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Cowen reiterated a “buy” rating on shares of Revolve Group in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.20.

Revolve Group Stock Down 4.1%

The firm has a market capitalization of $1.54 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 1.48 and a beta of 2.02. The business has a 50-day moving average price of $20.04 and a 200-day moving average price of $26.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Revolve Group in the first quarter valued at approximately $25,000. Venturi Wealth Management LLC lifted its stake in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares during the last quarter. CWM LLC lifted its stake in shares of Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after purchasing an additional 836 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Revolve Group during the 4th quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Revolve Group during the 4th quarter worth about $87,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.