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

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

A number of other research analysts have also recently weighed in on the company. Piper Sandler lifted their price objective on Revolve Group from $21.00 to $22.50 and gave the company an overweight rating in a research report on Wednesday, February 28th. Raymond James raised Revolve Group from a market perform rating to an outperform rating and set a $21.00 target price on the stock in a research note on Wednesday, February 28th. UBS Group lifted their target price on 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 started coverage on Revolve Group in a research note on Wednesday, February 28th. They set an equal weight rating on the stock. Finally, Stifel Nicolaus lifted their price objective on Revolve Group from $20.00 to $24.00 and gave the stock a buy rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Revolve Group currently has an average rating of Hold and an average price target of $20.50.

Revolve Group Stock Down 0.1 %

NYSE:RVLV traded down $0.02 on Wednesday, hitting $21.66. The stock had a trading volume of 1,110,061 shares, compared to its average volume of 1,096,638. The stock has a market cap 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. The business’s 50-day simple moving average is $20.31 and its two-hundred day simple moving average is $17.06. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $270.60 million for the quarter, compared to analysts’ expectations of $271.80 million. During the same period last year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that Revolve Group will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently made changes to their positions in RVLV. Assetmark Inc. lifted its stake in shares of Revolve Group by 8.3% during the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after purchasing an additional 631 shares during the last quarter. US Bancorp DE lifted its stake in shares of 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 purchasing an additional 677 shares during the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock worth $2,435,000 after purchasing an additional 767 shares during the last quarter. Signaturefd LLC lifted its stake in shares of 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 during the last quarter. Finally, Raymond James & Associates increased its position in Revolve Group by 0.6% during the 4th quarter. Raymond James & Associates now owns 252,947 shares of the company’s stock valued at $4,194,000 after buying an additional 1,565 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other 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.