Revolve Group, Inc. (NYSE:RVLV – Get Rating) was the target of unusually large options trading on Monday. Stock investors acquired 8,527 put options on the company. This represents an increase of approximately 277% compared to the typical daily volume of 2,259 put options.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on RVLV shares. Morgan Stanley reduced their price target on Revolve Group from $51.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 4th. Piper Sandler dropped their price objective on Revolve Group from $42.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, August 4th. Stifel Nicolaus dropped their price objective on Revolve Group from $53.00 to $37.00 in a research note on Wednesday, July 20th. KeyCorp assumed coverage on Revolve Group in a research note on Wednesday, July 20th. They issued an "overweight" rating and a $36.00 price objective on the stock. Finally, Cowen dropped their price target on Revolve Group from $52.00 to $32.00 in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Revolve Group has an average rating of "Moderate Buy" and an average price target of $36.29.
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Revolve Group Stock Up 3.9 %
Shares of NYSE:RVLV opened at $25.55 on Tuesday. The company has a current ratio of 2.59, a quick ratio of 1.55 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.87 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 6.83 and a beta of 2.23. Revolve Group has a 12-month low of $22.27 and a 12-month high of $89.60. The stock's 50-day moving average price is $26.47 and its 200-day moving average price is $34.68.
Revolve Group (NYSE:RVLV – Get Rating) last posted its earnings results 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 the consensus estimate of $294.63 million. Revolve Group had a return on equity of 26.18% and a net
margin of 8.03%. On average, equities analysts anticipate that Revolve Group will post 0.71 earnings per share for the current year.
Hedge Funds Weigh In On Revolve Group
Large investors have recently made changes to their positions in the business. CWM LLC raised its holdings in Revolve Group by 41.6% in the 2nd quarter. CWM LLC now owns 1,274 shares of the company's stock worth $33,000 after acquiring an additional 374 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in Revolve Group by 4.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 9,260 shares of the company's stock valued at $240,000 after buying an additional 429 shares during the last quarter. Arizona State Retirement System grew its position in shares of Revolve Group by 4.3% during the 1st quarter. Arizona State Retirement System now owns 10,673 shares of the company's stock valued at $573,000 after acquiring an additional 438 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Revolve Group by 16.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,634 shares of the company's stock valued at $203,000 after acquiring an additional 500 shares during the period. Finally, Cerity Partners LLC grew its position in shares of Revolve Group by 14.3% during the 1st quarter. Cerity Partners LLC now owns 4,473 shares of the company's stock valued at $240,000 after acquiring an additional 558 shares during the period. 71.06% of the stock is currently owned by hedge funds and other institutional investors.
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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