Shares of Revolve Group, Inc. (NYSE:RVLV – Get Free Report) reached a new 52-week high on Thursday after Robert W. Baird raised their price target on the stock from $23.00 to $24.00. Robert W. Baird currently has a neutral rating on the stock. Revolve Group traded as high as $24.20 and last traded at $24.03, with a volume of 345013 shares traded. The stock had previously closed at $21.99.
RVLV has been the topic of a number of other reports. Roth Mkm lifted their price objective on shares of Revolve Group from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Barclays reduced their price objective on Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, July 18th. Wedbush reaffirmed a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. BMO Capital Markets raised their price target on Revolve Group from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Revolve Group in a research report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Revolve Group has a consensus rating of “Hold” and a consensus target price of $20.66.
Read Our Latest Research Report on Revolve Group
Institutional Trading of Revolve Group
Revolve Group Stock Performance
The business’s 50-day simple moving average is $17.59 and its 200-day simple moving average is $18.71. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 69.53, a P/E/G ratio of 2.17 and a beta of 2.09.
Revolve Group (NYSE:RVLV – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. On average, analysts forecast that Revolve Group, Inc. will post 0.55 earnings per share for the current year.
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.
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