Revolve Group, Inc. (NYSE:RVLV – Get Rating) has earned an average rating of "Hold" from the eighteen brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.29.
A number of brokerages have recently weighed in on RVLV. Wedbush cut Revolve Group from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $59.00 to $23.00 in a research report on Thursday, August 4th. Stifel Nicolaus dropped their price target on Revolve Group from $53.00 to $37.00 in a research report on Wednesday, July 20th. Cowen dropped their price target on Revolve Group from $52.00 to $32.00 in a research report on Thursday, August 4th. Raymond James decreased their price objective on Revolve Group from $42.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. Finally, BMO Capital Markets decreased their price objective on Revolve Group from $29.00 to $22.00 and set a "market perform" rating on the stock in a research note on Thursday, August 4th.
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Institutional Investors Weigh In On Revolve Group
Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Revolve Group by 0.4% in the 2nd quarter. FMR LLC now owns 6,106,622 shares of the company's stock valued at $158,223,000 after acquiring an additional 22,186 shares during the last quarter. William Blair Investment Management LLC increased its holdings 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 acquiring an additional 1,549,139 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Revolve Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,873,370 shares of the company's stock valued at $207,961,000 after acquiring an additional 48,189 shares during the last quarter. Fisher Asset Management LLC increased its holdings 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 acquiring an additional 811,381 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Revolve Group by 5.7% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,476,440 shares of the company's stock valued at $38,255,000 after acquiring an additional 79,050 shares during the last quarter. 71.06% of the stock is currently owned by hedge funds and other institutional investors.
Revolve Group Price Performance
Shares of NYSE RVLV opened at $24.59 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.59 and a quick ratio of 1.55. The stock has a fifty day moving average price of $26.53 and a 200 day moving average price of $34.81. Revolve Group has a 1-year low of $22.27 and a 1-year high of $89.60. The company has a market cap of $1.80 billion, a PE ratio of 21.76, a P/E/G ratio of 6.83 and a beta of 2.23.
Revolve Group (NYSE:RVLV – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). The business had revenue of $290.05 million during the quarter, compared to analysts' expectations of $294.63 million. Revolve Group had a return on equity of 26.18% and a net margin of 8.03%. Sell-side analysts forecast that Revolve Group will post 0.71 EPS for the current year.
Revolve Group Company Profile
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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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