Stocks of Revolve Group Inc. (NYSE:RVLV) traded higher last session on Wall Street, up 6.78% to $17.65.
According to the data, Revolve Group Inc. (NYSE:RVLV) has 19 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $17.00, we find $23.00. Given the previous closing price of $16.53, this indicates a potential upside of 39.14 percent. RVLV stock price is now 3.69% away from the 50-day moving average and -22.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
A total of 8 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $21.87 as their price target over the next twelve months.
With the price target reduced from $30 to $19, TD Cowen Downgraded its rating from Outperform to Market Perform for Revolve Group Inc. (NYSE: RVLV).
Insiders disposed of 270 shares of company stock worth roughly $4765.5 over the past 1 year. A total of 0.63% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RVLV stock. A new stake in Revolve Group Inc. shares was purchased by GREAT LAKES ADVISORS, LLC during the first quarter worth $2,785,000. POLAR ASSET MANAGEMENT PARTNERS INC. invested $2,441,000 in shares of RVLV during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in Revolve Group Inc. valued at approximately $2,224,000. CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in RVLV for approximately $2,190,000. LAKEWOOD CAPITAL MANAGEMENT, LP purchased a new stake in RVLV valued at around $1,236,000 in the second quarter. In total, there are 293 active investors with 128.86% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $16.35 for Revolve Group Inc. (NYSE: RVLV). During the past 12 months, Revolve Group Inc. has had a low of $14.95 and a high of $32.59. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.80, and a quick ratio of 1.90. According to the stock market information, the enterprise value for the company is $1.06B, which is based on a 26.11 price-to-earnings ratio, a 1.10 price-to-earnings-growth ratio, and a beta of 2.11. The fifty day moving average price for RVLV is $16.97 and a two-hundred day moving average price translates $22.70 for the stock.
The latest earnings results from Revolve Group Inc. (NYSE: RVLV) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.15 by 0.04. This compares to $0.30 EPS in the same period last year. The net profit margin was 4.60% and return on equity was 13.40% for RVLV. The company reported revenue of $279.61 million for the quarter, compared to $283.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.37 percent. For the current quarter, analysts expect RVLV to generate $277.88M in revenue.
Revolve Group Inc.(RVLV) Company Profile
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. The company offers apparel, footwear, accessories, beauty, and home products from emerging, established, and owned brands, as well as luxury brands through its websites and mobile apps. The company was formerly known as Advance Holdings, LLC and changed its name to Revolve Group, Inc. in October 2018. Revolve Group, Inc. was founded in 2003 and is headquartered in Cerritos, California.
