Revolve Group (NYSE:RVLV) Hits New 12-Month Low at $14.33

Revolve Group, Inc. (NYSE:RVLV) reached a new 52-week low on Tuesday . The stock traded as low as $14.33 and last traded at $14.36, with a volume of 1262992 shares traded. The stock had previously closed at $14.85.

Analyst Ratings Changes

Several equities analysts recently weighed in on RVLV shares. KeyCorp reduced their target price on Revolve Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. Wedbush reiterated a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research report on Thursday, August 3rd. TD Cowen downgraded Revolve Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $30.00 to $19.00 in a report on Monday, May 22nd. Morgan Stanley cut their price objective on Revolve Group from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, August 3rd. Finally, Needham & Company LLC cut their price objective on Revolve Group from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.62.

Revolve Group Trading Down 2.4 %

The company has a quick ratio of 1.86, a current ratio of 2.97 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 10.08 and a beta of 2.18. The business has a 50 day moving average price of $16.96 and a 200-day moving average price of $19.61.

Revolve Group (NYSE:RVLV) last posted its earnings results on Wednesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Revolve Group had a return on equity of 10.67% and a net margin of 3.82%. The business had revenue of $273.70 million during the quarter, compared to analyst estimates of $273.77 million. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Revolve Group, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently bought and sold shares of RVLV. BlackRock Inc. grew its stake in Revolve Group by 51.0% during the 2nd quarter. BlackRock Inc. now owns 4,235,256 shares of the company’s stock valued at $69,458,000 after purchasing an additional 1,430,242 shares in the last quarter. William Blair Investment Management LLC grew its stake in Revolve Group by 17.7% during the 1st quarter. William Blair Investment Management LLC now owns 5,616,240 shares of the company’s stock valued at $147,707,000 after purchasing an additional 845,814 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in Revolve Group during the 2nd quarter valued at approximately $11,891,000. Bank of America Corp DE grew its stake in Revolve Group by 206.2% during the 1st quarter. Bank of America Corp DE now owns 989,500 shares of the company’s stock valued at $26,024,000 after purchasing an additional 666,366 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in Revolve Group by 8.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,075,525 shares of the company’s stock valued at $116,039,000 after purchasing an additional 542,419 shares in the last quarter. Institutional investors and hedge funds own 73.35% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. It operates in two segments, REVOLVE and FWRD. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.