UBS Group Boosts Revolve Group (NYSE:RVLV) Price Target to $25.00

Revolve Group (NYSE:RVLV) had its price target upped by research analysts at UBS Group from $21.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential downside of 5.37% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. BTIG Research lifted their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays boosted their price objective on shares of Revolve Group from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Wednesday, October 2nd. Wedbush reiterated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a research report on Friday, August 23rd. Finally, Robert W. Baird upped their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.81.

Revolve Group Trading Up 0.5 %

Shares of NYSE RVLV traded up $0.13 during midday trading on Thursday, hitting $26.42. The company’s stock had a trading volume of 213,591 shares, compared to its average volume of 1,016,689. The stock has a fifty day moving average price of $23.84 and a 200 day moving average price of $20.41. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 58.71, a P/E/G ratio of 2.41 and a beta of 2.05. Revolve Group has a one year low of $12.42 and a one year high of $26.69.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. On average, equities research analysts predict that Revolve Group will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 46.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in Revolve Group during the third quarter valued at $171,000. Creative Planning lifted its holdings in Revolve Group by 4.6% in the third quarter. Creative Planning now owns 136,225 shares of the company’s stock valued at $3,376,000 after acquiring an additional 6,018 shares during the period. SG Americas Securities LLC purchased a new position in shares of Revolve Group in the third quarter worth approximately $827,000. Cubist Systematic Strategies LLC increased its stake in shares of Revolve Group by 12.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 154,077 shares of the company’s stock worth $2,451,000 after purchasing an additional 16,680 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Revolve Group in the second quarter worth about $68,000. Institutional investors own 67.60% 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. 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.