Shares of Revolve Group, Inc. (NYSE:RVLV – Get Rating) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.97 and last traded at $22.08, with a volume of 3313 shares changing hands. The stock had previously closed at $23.20.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RVLV shares. Raymond James dropped their price target on Revolve Group from $42.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, August 4th. Cowen dropped their price target on Revolve Group from $52.00 to $32.00 in a research report on Thursday, August 4th. KeyCorp started coverage on Revolve Group in a research report on Wednesday, July 20th. They set an "overweight" rating and a $36.00 price target on the stock. Needham & Company LLC dropped their price target on Revolve Group from $60.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, August 8th. Finally, BMO Capital Markets dropped their price target on Revolve Group from $29.00 to $22.00 and set a "market perform" rating on the stock in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Revolve Group currently has a consensus rating of "Moderate Buy" and an average price target of $36.29.

Revolve Group Stock Performance

The company has a market cap of $1.59 billion, a P/E ratio of 19.19, a PEG ratio of 6.45 and a beta of 2.23. The company has a 50 day moving average price of $25.64 and a 200-day moving average price of $33.46. The company has a quick ratio of 1.55, a current ratio of 2.59 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. William Blair Investment Management LLC boosted its position in shares of Revolve Group by 36.3% in the 2nd quarter. William Blair Investment Management LLC now owns 5,816,875 shares of the company's stock valued at $150,715,000 after purchasing an additional 1,549,139 shares during the period. Millennium Management LLC boosted its position in shares of Revolve Group by 4,787.4% in the 2nd quarter. Millennium Management LLC now owns 994,733 shares of the company's stock valued at $25,774,000 after purchasing an additional 974,380 shares during the period. Marshall Wace LLP boosted its position in shares of Revolve Group by 258.8% in the 4th quarter. Marshall Wace LLP now owns 1,330,838 shares of the company's stock valued at $74,578,000 after purchasing an additional 959,875 shares during the period. Fisher Asset Management LLC boosted its position in shares of Revolve Group by 91.0% in the 1st quarter. Fisher Asset Management LLC now owns 1,703,038 shares of the company's stock valued at $91,436,000 after purchasing an additional 811,381 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Revolve Group by 150.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,285,100 shares of the company's stock valued at $33,297,000 after purchasing an additional 771,500 shares during the period. Institutional investors own 71.06% of the company's stock.

About Revolve Group

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Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

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