Revolve Group (NYSE:RVLV) Shares Up 4.5% – Here’s What Happened

Revolve Group, Inc. (NYSE:RVLV)’s share price was up 4.5% during trading on Thursday . The company traded as high as $20.44 and last traded at $20.3720. 296,160 shares were traded during trading, a decline of 71% from the average daily volume of 1,031,767 shares. The stock had previously closed at $19.49.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler raised their price objective on Revolve Group from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. BTIG Research reissued a “buy” rating and set a $35.00 target price on shares of Revolve Group in a research note on Friday, August 21st. Wall Street Zen cut shares of Revolve Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. TD Cowen raised their price target on shares of Revolve Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.08.

Revolve Group Stock Performance

The business has a fifty day simple moving average of $23.79 and a 200-day simple moving average of $22.97. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.50 and a beta of 1.61.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $347.41 million for the quarter, compared to analyst estimates of $341.91 million. Revolve Group had a return on equity of 13.38% and a net margin of 5.54%.The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, equities analysts anticipate that Revolve Group, Inc. will post 0.82 earnings per share for the current year.

Institutional Investors Weigh In On Revolve Group

A number of institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in shares of Revolve Group during the fourth quarter valued at $40,000. Integrated Wealth Concepts LLC acquired a new stake in Revolve Group in the second quarter valued at $46,000. Quarry LP increased its holdings in Revolve Group by 6,932.1% in the third quarter. Quarry LP now owns 3,727 shares of the company’s stock valued at $79,000 after purchasing an additional 3,674 shares during the period. Quantbot Technologies LP bought a new position in Revolve Group during the 2nd quarter worth $159,000. Finally, Jefferies Financial Group Inc. bought a new position in Revolve Group during the 4th quarter worth $216,000. 67.60% of the stock is owned by institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.