Revolve Group (NYSE:RVLV) Stock Price Up 7.4% – Time to Buy?

Revolve Group, Inc. (NYSE:RVLV)’s share price rose 7.4% during trading on Thursday. The company traded as high as $23.13 and last traded at $23.1950. Approximately 196,048 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 991,858 shares. The stock had previously closed at $21.60.

Analyst Ratings Changes

Several research analysts recently issued reports on RVLV shares. Piper Sandler upped their price target on shares of Revolve Group from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. TD Cowen increased 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. Weiss Ratings upgraded shares of Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. BTIG Research restated a “buy” rating and issued a $35.00 price objective on shares of Revolve Group in a research report on Friday, August 21st. Finally, Raymond James Financial decreased their price objective on Revolve Group from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.85.

Revolve Group Price Performance

The firm has a market capitalization of $1.62 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.88 and a beta of 1.70. The stock’s 50 day moving average is $21.96 and its two-hundred day moving average is $22.50.

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

Institutional Investors Weigh In On Revolve Group

A number of institutional investors have recently made changes to their positions in RVLV. Royal Bank of Canada boosted its holdings in Revolve Group by 7.8% during the first quarter. Royal Bank of Canada now owns 26,400 shares of the company’s stock worth $597,000 after purchasing an additional 1,904 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Revolve Group in the 2nd quarter valued at about $46,000. Calamos Advisors LLC increased its stake in Revolve Group by 19.1% in the 1st quarter. Calamos Advisors LLC now owns 39,212 shares of the company’s stock valued at $887,000 after buying an additional 6,297 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Revolve Group by 48.1% during the 1st quarter. Inspire Investing LLC now owns 22,775 shares of the company’s stock worth $515,000 after buying an additional 7,393 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Revolve Group during the 1st quarter worth approximately $218,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Company Profile

Revolve Group, Inc operates a digital-first fashion retail business serving consumers through the REVOLVE and FWRD platforms. The company offers a curated selection of contemporary and luxury apparel, footwear, accessories, beauty products and lifestyle merchandise from third-party brands, as well as products from its own private-label brands.

REVOLVE is focused on trend-oriented fashion and uses data, digital marketing, social media and relationships with influencers and creators to reach its customer base.