Brokerages Set Revolve Group, Inc. (NYSE:RVLV) Target Price at $30.08

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $30.0769.

RVLV has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $35.00 price objective on shares of Revolve Group in a report on Friday, August 21st. TD Cowen boosted their price objective 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. Piper Sandler upped their target price on shares of Revolve Group from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. UBS Group increased their target price on shares of Revolve Group from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Roth Capital reissued a “buy” rating and issued a $37.00 price target on shares of Revolve Group in a report on Wednesday, August 5th.

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Revolve Group by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock worth $129,795,000 after purchasing an additional 360,598 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Revolve Group by 16.6% during the 4th quarter. William Blair Investment Management LLC now owns 2,148,125 shares of the company’s stock valued at $64,852,000 after buying an additional 306,547 shares during the last quarter. Cooper Creek Partners Management LLC raised its holdings in Revolve Group by 36.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock valued at $46,785,000 after buying an additional 555,153 shares during the last quarter. California State Teachers Retirement System boosted its position in Revolve Group by 1,728.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,054,840 shares of the company’s stock valued at $24,145,000 after buying an additional 997,158 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Revolve Group by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock valued at $20,444,000 after buying an additional 55,734 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Price Performance

Shares of RVLV opened at $20.54 on Tuesday. Revolve Group has a 1 year low of $17.35 and a 1 year high of $31.68. The stock’s fifty day moving average price is $23.67 and its two-hundred day moving average price is $22.88. The firm has a market cap of $1.46 billion, a PE ratio of 20.34, a PEG ratio of 2.62 and a beta of 1.61.

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

Revolve Group Company Profile

Revolve Group, Inc operates a digitally native fashion platform serving millennial and Generation Z consumers. The company offers women’s and men’s apparel, footwear, accessories, beauty products and lifestyle merchandise through its online retail platforms and related brand businesses.

Its portfolio includes REVOLVE, which focuses on contemporary fashion and influencer-driven shopping, and FWRD, a luxury fashion platform offering designer apparel, footwear and accessories. The company also develops and sells proprietary and exclusive-label products, including offerings associated with its owned brands, while working with a broad range of third-party fashion brands.

Revolve Group was founded in 2003 by Michael Mente and Mike Karanikolas and is based in California.