Revolve Group (NYSE:RVLV) had its target price decreased by stock analysts at Raymond James from $40.00 to $30.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 78.04% from the stock’s previous close. The analysts noted that the move was a valuation call.
RVLV has been the subject of a number of other reports. Zacks Investment Research raised Revolve Group from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday. Bank of America reaffirmed a “neutral” rating and set a $33.00 price target (down from $36.00) on shares of Revolve Group in a report on Friday, August 9th. Guggenheim reaffirmed a “buy” rating and set a $50.00 price target on shares of Revolve Group in a report on Monday. Finally, Jefferies Financial Group raised their price target on Revolve Group from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Revolve Group has an average rating of “Buy” and an average target price of $39.22.
Shares of RVLV stock traded down $2.48 during mid-day trading on Friday, reaching $16.85. The stock had a trading volume of 2,434,554 shares, compared to its average volume of 1,199,955. Revolve Group has a one year low of $19.02 and a one year high of $48.36. The company has a 50 day moving average of $22.13.
Revolve Group (NYSE:RVLV) last issued its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $154.20 million during the quarter, compared to analyst estimates of $153.13 million. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, equities analysts expect that Revolve Group will post 0.56 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RVLV. Vanguard Group Inc. acquired a new stake in shares of Revolve Group in the 2nd quarter valued at $30,597,000. Carillon Tower Advisers Inc. acquired a new stake in shares of Revolve Group in the 2nd quarter valued at $27,521,000. Eagle Asset Management Inc. increased its stake in shares of Revolve Group by 63.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,932,575 shares of the company’s stock valued at $45,164,000 after buying an additional 747,629 shares during the period. BlackRock Inc. acquired a new stake in shares of Revolve Group in the 2nd quarter valued at $19,068,000. Finally, Bamco Inc. NY acquired a new stake in shares of Revolve Group in the 2nd quarter valued at $17,250,000. 18.55% of the stock is owned by institutional investors.
About Revolve Group
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.
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