Revolve Group (NYSE:RVLV) Given New $26.00 Price Target at Roth Mkm

Revolve Group (NYSE:RVLV) had its price target hoisted by Roth Mkm from $21.00 to $26.00 in a research report report published on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

A number of other brokerages have also commented on RVLV. Raymond James upgraded shares of Revolve Group from a market perform rating to an outperform rating and set a $21.00 price objective on the stock in a report on Wednesday, February 28th. UBS Group upped their target price on shares of Revolve Group from $16.00 to $20.00 and gave the company a neutral rating in a research note on Wednesday, April 10th. Morgan Stanley assumed coverage on shares of Revolve Group in a research note on Wednesday, February 28th. They set an equal weight rating on the stock. Barclays upped their target price on shares of Revolve Group from $12.00 to $13.00 and gave the stock an underweight rating in a research report on Thursday, February 29th. Finally, Piper Sandler increased their price objective on shares of Revolve Group from $21.00 to $22.50 and gave the company an overweight rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $20.50.

Revolve Group Stock Down 0.1 %

Shares of Revolve Group stock traded down $0.02 during trading on Wednesday, hitting $21.66. 1,110,061 shares of the company were exchanged, compared to its average volume of 1,096,638. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $23.19. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 56.71, a P/E/G ratio of 1.38 and a beta of 2.15. The firm has a 50 day moving average price of $20.31 and a 200 day moving average price 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. The firm had revenue of $270.60 million during the quarter, compared to analysts’ expectations of $271.80 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. Revolve Group’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. Analysts predict that Revolve Group will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

Several institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after acquiring an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Revolve Group during the 1st quarter worth approximately $45,000. Assetmark Inc. grew its position in shares of Revolve Group by 11.7% during the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after buying an additional 797 shares during the period. Corton Capital Inc. acquired a new stake in shares of Revolve Group during the 3rd quarter worth approximately $140,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Revolve Group during the 4th quarter worth approximately $179,000. 67.60% of the stock is 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.