Revolve Group (NYSE:RVLV) PT Raised to $24.00

Revolve Group (NYSE:RVLV) had its target price raised by equities research analysts at Stifel Nicolaus from $20.00 to $24.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 21.15% from the stock’s previous close.

RVLV has been the subject of a number of other research reports. Robert W. Baird restated a “neutral” rating and set a $17.00 target price on shares of Revolve Group in a research note on Thursday, January 4th. Raymond James raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Wednesday, February 28th. Wedbush raised their price target on shares of Revolve Group from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 price target on shares of Revolve Group in a research report on Thursday, January 4th. Finally, UBS Group raised their price target on shares of Revolve Group from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.09.

Revolve Group Stock Performance

NYSE RVLV opened at $19.81 on Friday. The firm has a 50-day moving average of $19.82 and a 200-day moving average of $16.74. The stock has a market cap of $1.40 billion, a PE ratio of 52.13, a P/E/G ratio of 1.39 and a beta of 2.17. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $257.78 million during the quarter, compared to analysts’ expectations of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. Revolve Group’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. As a group, analysts predict that Revolve Group will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors have recently added to or reduced their stakes in RVLV. Signaturefd LLC increased its position in Revolve Group by 452.4% during the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock worth $25,000 after purchasing an additional 1,493 shares in the last quarter. CWM LLC increased its position in Revolve Group by 761.5% during the 3rd quarter. CWM LLC now owns 2,929 shares of the company’s stock worth $40,000 after purchasing an additional 2,589 shares in the last quarter. Assetmark Inc. increased its position in 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 purchasing an additional 797 shares in the last quarter. Corton Capital Inc. acquired a new position in Revolve Group during the 3rd quarter worth approximately $140,000. Finally, Handelsbanken Fonder AB acquired a new position in Revolve Group during the 4th quarter worth approximately $179,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.