Revolve Group (NYSE:RVLV) Given New $34.00 Price Target at Piper Sandler

Revolve Group (NYSE:RVLV – Get Rating) had its price objective lowered by Piper Sandler from $42.00 to $34.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 24.31% from the stock’s current price.

RVLV has been the subject of several other reports. Wedbush reduced their target price on Revolve Group from $68.00 to $59.00 in a report on Wednesday, May 4th. BMO Capital Markets reduced their target price on Revolve Group from $47.00 to $35.00 in a report on Wednesday, May 4th. Robert W. Baird reduced their price objective on Revolve Group from $70.00 to $65.00 in a report on Wednesday, May 4th. Credit Suisse Group reduced their price objective on Revolve Group from $74.00 to $58.00 in a report on Wednesday, May 4th. Finally, KeyCorp began coverage on Revolve Group in a report on Wednesday, July 20th. They set an “overweight” rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Revolve Group Stock Performance

RVLV stock opened at $27.35 on Thursday. The firm has a market cap of $2.00 billion, a PE ratio of 24.20, a P/E/G ratio of 1.99 and a beta of 2.19. 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 business has a 50 day moving average of $28.74 and a 200-day moving average of $40.32. Revolve Group has a 12-month low of $24.10 and a 12-month high of $89.60.

Revolve Group (NYSE:RVLV – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $283.50 million during the quarter, compared to analyst estimates of $256.78 million. Revolve Group had a return on equity of 27.07% and a net margin of 8.03%. Revolve Group’s quarterly revenue was up 58.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, sell-side analysts expect that Revolve Group will post 1.22 earnings per share for the current year.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC raised its position in shares of Revolve Group by 14.0% in the first quarter. William Blair Investment Management LLC now owns 4,267,736 shares of the company’s stock worth $229,135,000 after buying an additional 522,770 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Revolve Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,873,370 shares of the company’s stock worth $207,961,000 after buying an additional 48,189 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Revolve Group by 91.0% in the first quarter. Fisher Asset Management LLC now owns 1,703,038 shares of the company’s stock worth $91,436,000 after buying an additional 811,381 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Revolve Group by 5.7% in the second quarter. Stephens Investment Management Group LLC now owns 1,476,440 shares of the company’s stock worth $38,255,000 after buying an additional 79,050 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Revolve Group by 258.8% in the fourth quarter. Marshall Wace LLP now owns 1,330,838 shares of the company’s stock worth $74,578,000 after buying an additional 959,875 shares in the last quarter. Hedge funds and other institutional investors own 54.50% of the company’s stock.

About Revolve Group

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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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