Shares of Revolve Group, Inc. (NYSE:RVLV – Get Rating) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $57.19.
Several research firms have issued reports on RVLV. Stifel Nicolaus reduced their price objective on Revolve Group from $53.00 to $37.00 in a report on Wednesday, July 20th. BMO Capital Markets lowered their price objective on shares of Revolve Group from $47.00 to $35.00 in a research report on Wednesday, May 4th. Raymond James began coverage on shares of Revolve Group in a research note on Thursday, June 30th. They issued an “outperform” rating for the company. Robert W. Baird reduced their target price on shares of Revolve Group from $70.00 to $65.00 in a research note on Wednesday, May 4th. Finally, Bank of America downgraded shares of Revolve Group from a “buy” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Tuesday, July 26th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RVLV. CWM LLC lifted its stake in shares of Revolve Group by 1,478.9% during the 1st quarter. CWM LLC now owns 900 shares of the company’s stock valued at $48,000 after buying an additional 843 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Revolve Group by 134.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock worth $58,000 after buying an additional 670 shares during the last quarter. Focused Wealth Management Inc bought a new position in shares of Revolve Group in the 1st quarter worth $70,000. Castle Wealth Management LLC bought a new position in shares of Revolve Group in the 2nd quarter worth $63,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Revolve Group by 55.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock worth $163,000 after buying an additional 1,083 shares during the last quarter. 54.50% of the stock is currently owned by hedge funds and other institutional investors.
Revolve Group Trading Up 0.1 %
Shares of RVLV opened at $29.05 on Friday. Revolve Group has a 12-month low of $24.10 and a 12-month high of $89.60. The company has a quick ratio of 1.57, a current ratio of 2.39 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.82 and a beta of 2.20. The stock’s 50-day moving average price is $28.69 and its 200 day moving average price is $40.73.
Revolve Group (NYSE:RVLV – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $283.50 million for the quarter, compared to the consensus estimate of $256.78 million. Revolve Group had a return on equity of 33.24% and a net margin of 10.06%. The company’s quarterly revenue was up 58.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. As a group, research analysts predict that Revolve Group will post 1.22 earnings per share for the current year.
Revolve Group Company Profile
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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Source: defenseworld.net
