Evercore ISI Increases Revolve Group (NYSE:RVLV) Price Target to $20.00

Revolve Group (NYSE:RVLV) had its price objective increased by research analysts at Evercore ISI from $17.00 to $20.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target would indicate a potential downside of 5.48% from the company’s current price.

RVLV has been the topic of several other reports. Raymond James raised Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Wednesday, February 28th. Needham & Company LLC boosted their target price on shares of Revolve Group from $16.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Wedbush increased their price target on shares of Revolve Group from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. BTIG Research boosted their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, UBS Group raised their target price on Revolve Group from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.26.

Revolve Group Stock Performance

RVLV stock opened at $21.16 on Monday. Revolve Group has a 52 week low of $12.25 and a 52 week high of $23.19. The company’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $16.98. The company has a market capitalization of $1.50 billion, a PE ratio of 55.69, a price-to-earnings-growth ratio of 1.38 and a beta of 2.15.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $257.78 million for the quarter, compared to analyst estimates of $246.20 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. On average, analysts forecast that Revolve Group will post 0.48 EPS for the current year.

Institutional Trading of Revolve Group

Several institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Revolve Group by 5.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,466,195 shares of the company’s stock valued at $101,615,000 after buying an additional 390,670 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Revolve Group by 0.5% in the third quarter. Vanguard Group Inc. now owns 3,915,304 shares of the company’s stock valued at $53,287,000 after acquiring an additional 18,228 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Revolve Group by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock valued at $17,478,000 after purchasing an additional 10,724 shares during the period. Stephens Investment Management Group LLC raised its holdings in Revolve Group by 51.3% during the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock worth $11,250,000 after purchasing an additional 229,964 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Revolve Group by 38.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 534,242 shares of the company’s stock worth $7,271,000 after purchasing an additional 148,050 shares during the period. Institutional investors own 67.60% of the company’s stock.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z 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.