Revolve Group (NYSE:RVLV) Price Target Raised to $15.00 at BMO Capital Markets

Revolve Group (NYSE:RVLV) had its price objective lifted by BMO Capital Markets from $13.00 to $15.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a market perform rating on the stock.

RVLV has been the topic of several other reports. Needham & Company LLC increased their target price on Revolve Group from $23.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday. TD Cowen upgraded shares of Revolve Group from a market perform rating to an outperform rating and lifted their price target for the company from $23.00 to $25.00 in a report on Thursday, March 21st. UBS Group boosted their price target on Revolve Group from $16.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Raymond James raised Revolve Group from a market perform rating to an outperform rating and set a $21.00 price objective on the stock in a research note on Wednesday, February 28th. Finally, Piper Sandler increased their target price on shares of Revolve Group from $21.00 to $22.50 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Revolve Group presently has a consensus rating of Hold and an average price target of $20.50.

Revolve Group Trading Down 0.1 %

Shares of Revolve Group stock traded down $0.02 during mid-day trading on Wednesday, hitting $21.66. 1,110,061 shares of the stock were exchanged, compared to its average volume of 1,096,638. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 56.71, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.19. The company has a 50-day simple moving average of $20.31 and a 200 day simple moving average of $17.06.

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

Institutional Trading of Revolve Group

Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates grew its position in Revolve Group by 43.2% in the 3rd quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after buying an additional 75,832 shares in the last quarter. Assetmark Inc. raised its stake in shares of Revolve Group by 11.7% in the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after buying an additional 797 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Revolve Group by 50.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,725 shares of the company’s stock valued at $268,000 after buying an additional 6,657 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Revolve Group by 27.0% during the third quarter. Principal Financial Group Inc. now owns 38,344 shares of the company’s stock worth $522,000 after acquiring an additional 8,157 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Revolve Group by 452.4% during the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors.

About Revolve Group

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.