Revolve Group’s (RVLV) Buy Rating Reiterated at Stifel Nicolaus

Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a report issued on Monday, Benzinga reports. They presently have a $20.00 target price on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 56.86% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Needham & Company LLC cut their target price on Revolve Group from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. BTIG Research cut their price objective on shares of Revolve Group from $27.00 to $26.00 in a report on Tuesday, June 13th. KeyCorp lowered their target price on shares of Revolve Group from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, August 3rd. Barclays cut their price target on shares of Revolve Group from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, August 3rd. Finally, TD Cowen downgraded shares of Revolve Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $30.00 to $19.00 in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.62.

Revolve Group Stock Down 2.3 %

Shares of NYSE:RVLV traded down $0.30 during trading hours on Monday, reaching $12.75. The stock had a trading volume of 287,564 shares, compared to its average volume of 1,358,500. Revolve Group has a 1 year low of $12.68 and a 1 year high of $32.59. The firm’s 50 day moving average is $16.47 and its 200-day moving average is $18.90. The stock has a market capitalization of $936.87 million, a price-to-earnings ratio of 22.77, a P/E/G ratio of 9.50 and a beta of 2.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.97.

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

Institutional Investors Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its holdings in shares of Revolve Group by 14.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 21,432 shares of the company’s stock valued at $358,000 after buying an additional 2,632 shares during the period. JPMorgan Chase & Co. lifted its holdings in Revolve Group by 16.7% in the first quarter. JPMorgan Chase & Co. now owns 28,143 shares of the company’s stock valued at $1,511,000 after acquiring an additional 4,017 shares during the period. Raymond James & Associates boosted its position in shares of Revolve Group by 24.5% during the 1st quarter. Raymond James & Associates now owns 57,413 shares of the company’s stock worth $3,083,000 after purchasing an additional 11,313 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Revolve Group by 55.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock worth $163,000 after purchasing an additional 1,083 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Revolve Group by 52.9% during the 1st quarter. MetLife Investment Management LLC now owns 20,328 shares of the company’s stock worth $1,091,000 after purchasing an additional 7,031 shares during the period. Institutional investors and hedge funds own 73.35% 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. 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.