Revolve Group, Inc. (NYSE:RVLV) Receives $21.63 Average PT from Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV - Get Free Report) have received an average recommendation of "Hold" from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.63.

RVLV has been the topic of a number of analyst reports. Wedbush reissued a "neutral" rating and issued a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Evercore ISI increased their target price on Revolve Group from $20.00 to $21.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 7th. BTIG Research lifted their price target on Revolve Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. TD Cowen upped their price target on shares of Revolve Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Finally, Piper Sandler restated an "overweight" rating and set a $30.00 price objective on shares of Revolve Group in a research note on Friday, August 23rd.

Revolve Group Price Performance

RVLV traded up $0.71 on Tuesday, hitting $24.15. The company had a trading volume of 495,240 shares, compared to its average volume of 1,031,092. The stock has a fifty day simple moving average of $23.01 and a 200-day simple moving average of $20.18. The firm has a market capitalization of $1.71 billion, a P/E ratio of 68.94, a P/E/G ratio of 2.34 and a beta of 2.05. Revolve Group has a 52-week low of $12.42 and a 52-week high of $26.14.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. During the same period last year, the business earned $0.10 EPS. Revolve Group's quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts expect that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 46.56% of the company's stock.

Institutional Investors Weigh In On Revolve Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new stake in Revolve Group in the first quarter valued at $45,000. Quarry LP bought a new position in shares of Revolve Group in the second quarter worth $68,000. American Century Companies Inc. bought a new stake in shares of Revolve Group during the second quarter valued at about $165,000. Pier 88 Investment Partners LLC bought a new position in Revolve Group in the 2nd quarter valued at about $182,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Revolve Group during the second quarter valued at approximately $260,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.