Revolve Group (NYSE:RVLV) Given New $15.00 Price Target at Barclays

Revolve Group (NYSE:RVLV) had its price objective hoisted by Barclays from $13.00 to $15.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other brokerages have also issued reports on RVLV. Morgan Stanley initiated coverage on shares of Revolve Group in a research report on Wednesday, February 28th. They set an equal weight rating on the stock. UBS Group upped their price objective on shares of Revolve Group from $16.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. TD Cowen raised Revolve Group from a market perform rating to an outperform rating and lifted their target price for the stock from $23.00 to $25.00 in a research report on Thursday, March 21st. BMO Capital Markets boosted their price target on Revolve Group from $13.00 to $15.00 and gave the company a market perform rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their price objective on Revolve Group from $20.00 to $24.00 and gave the stock a buy rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $20.50.

Revolve Group Trading Down 0.1 %

Revolve Group stock traded down $0.02 on Wednesday, reaching $21.66. 1,110,061 shares of the stock were exchanged, compared to its average volume of 1,096,638. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.19. The firm has a fifty day moving average price of $20.31 and a two-hundred day moving average price of $17.06. The stock has a market cap of $1.53 billion, a PE ratio of 56.71, a PEG ratio of 1.38 and a beta of 2.15.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The business had revenue of $270.60 million during the quarter, compared to analysts’ expectations of $271.80 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. Equities analysts anticipate that Revolve Group will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Large investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in Revolve Group by 8.3% in the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after purchasing an additional 631 shares in the last quarter. US Bancorp DE grew its holdings in Revolve Group by 1.8% during the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after acquiring an additional 677 shares during the last quarter. Essex Investment Management Co. LLC increased its position in Revolve Group by 0.7% in the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after acquiring an additional 767 shares in the last quarter. Signaturefd LLC raised its stake in shares of Revolve Group by 452.4% in the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock worth $25,000 after acquiring an additional 1,493 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Revolve Group by 0.6% during the fourth quarter. Raymond James & Associates now owns 252,947 shares of the company’s stock worth $4,194,000 after purchasing an additional 1,565 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.