Barclays Increases Revolve Group (NYSE:RVLV) Price Target to $15.00

Revolve Group (NYSE:RVLV) had its price objective lifted by research analysts at Barclays from $13.00 to $15.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 30.75% from the stock’s previous close.

Several other research firms have also issued reports on RVLV. Evercore ISI boosted their price target on shares of Revolve Group from $17.00 to $20.00 and gave the company an “in-line” rating in a research report on Monday. Piper Sandler boosted their price target on shares of Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Raymond James raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Wednesday, February 28th. Needham & Company LLC upped their target price on shares of Revolve Group from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley started coverage on shares of Revolve Group in a report on Wednesday, February 28th. They set an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.50.

Revolve Group Stock Performance

Shares of RVLV stock opened at $21.66 on Wednesday. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 63.71, a P/E/G ratio of 1.38 and a beta of 2.15. Revolve Group has a 52 week low of $12.25 and a 52 week high of $23.19. The firm’s 50-day simple moving average is $20.30 and its two-hundred day simple moving average is $17.09.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The company had revenue of $270.60 million for the quarter, compared to analyst estimates of $271.80 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts forecast that Revolve Group will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in shares of Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Revolve Group in the 1st quarter valued at $45,000. Assetmark Inc. boosted its stake in shares of Revolve Group by 11.7% in the 3rd quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after purchasing an additional 797 shares in the last quarter. Corton Capital Inc. purchased a new stake in Revolve Group during the 3rd quarter valued at $140,000. Finally, Handelsbanken Fonder AB purchased a new stake in Revolve Group during the 4th quarter valued at $179,000. Hedge funds and other 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.