Revolve Group (NYSE:RVLV) Given New $25.00 Price Target at TD Cowen

by · The Markets Daily

Revolve Group (NYSE:RVLV – Get Free Report) had its price target dropped by equities researchers at TD Cowen from $31.00 to $25.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen‘s price objective would suggest a potential upside of 24.55% from the company’s current price.

A number of other research firms also recently weighed in on RVLV. Piper Sandler cut their price target on Revolve Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday. Weiss Ratings raised Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Wall Street Zen downgraded Revolve Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BTIG Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of Revolve Group in a research report on Wednesday, October 28th. Finally, UBS Group cut their price objective on shares of Revolve Group from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 27th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.62.

Check Out Our Latest Analysis on Revolve Group

Revolve Group Stock Performance

RVLV traded down $1.46 during trading on Wednesday, reaching $20.07. The company had a trading volume of 1,601,327 shares, compared to its average volume of 989,339. The firm’s 50-day simple moving average is $21.69 and its 200 day simple moving average is $23.29. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.78 and a beta of 1.62. Revolve Group has a 12-month low of $17.35 and a 12-month high of $31.68.

Revolve Group (NYSE:RVLV – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The business had revenue of $355.96 million during the quarter, compared to analysts’ expectations of $345.49 million. During the same quarter in the previous year, the company earned $0.29 EPS. Revolve Group’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, sell-side analysts expect that Revolve Group will post 0.80 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cooper Creek Partners Management LLC lifted its position in shares of Revolve Group by 36.7% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,069,237 shares of the company’s stock worth $46,785,000 after buying an additional 555,153 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Revolve Group by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 904,319 shares of the company’s stock valued at $20,444,000 after acquiring an additional 55,734 shares during the period. Bank of America Corp DE boosted its stake in shares of Revolve Group by 48.2% in the 1st quarter. Bank of America Corp DE now owns 624,985 shares of the company’s stock valued at $14,131,000 after purchasing an additional 203,216 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in Revolve Group by 63.0% during the 1st quarter. Segall Bryant & Hamill LLC now owns 513,621 shares of the company’s stock worth $11,613,000 after acquiring an additional 198,448 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Revolve Group by 9.8% in the 2nd quarter. Squarepoint Ops LLC now owns 182,224 shares of the company’s stock worth $4,171,000 after purchasing an additional 16,228 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Revolve Group

Here are the key news stories impacting Revolve Group this week:

Revolve Group Company Profile

(Get Free Report)

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.

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