Evercore ISI Raises Revolve Group (NYSE:RVLV) Price Target to $20.00

Revolve Group (NYSE:RVLV) had its price objective lifted by Evercore ISI from $17.00 to $20.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an in-line rating on the stock.

A number of other equities research analysts also recently weighed in on RVLV. Morgan Stanley started coverage on shares of Revolve Group in a research note on Wednesday, February 28th. They set an equal weight rating on the stock. Piper Sandler upped their target price on shares of Revolve Group from $21.00 to $22.50 and gave the company an overweight rating in a research note on Wednesday, February 28th. Raymond James upgraded shares of Revolve Group from a market perform rating to an outperform rating and set a $21.00 price target for the company in a research note on Wednesday, February 28th. Wedbush upped their price objective on Revolve Group from $12.00 to $17.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Finally, Barclays increased their target price on Revolve Group from $12.00 to $13.00 and gave the stock an underweight rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $20.38.

Revolve Group Stock Performance

NYSE:RVLV opened at $21.69 on Monday. The firm’s 50-day moving average is $20.31 and its 200-day moving average is $17.06. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 57.07, a PEG ratio of 1.38 and a beta of 2.15. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RVLV. Raymond James & Associates boosted its holdings in Revolve Group by 43.2% in the third quarter. Raymond James & Associates now owns 251,382 shares of the company’s stock valued at $3,421,000 after acquiring an additional 75,832 shares during the last quarter. Assetmark Inc. raised its stake in shares of Revolve Group by 11.7% during the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock worth $104,000 after buying an additional 797 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Revolve Group by 50.9% in 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 during the period. Principal Financial Group Inc. boosted its stake in Revolve Group by 27.0% in the third quarter. Principal Financial Group Inc. now owns 38,344 shares of the company’s stock valued at $522,000 after acquiring an additional 8,157 shares during the last quarter. Finally, Signaturefd LLC grew its holdings 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 acquiring an additional 1,493 shares during the period. 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.