Revolve Group (NYSE:RVLV) Stock Picked Up by Analysts at TD Cowen

Equities research analysts at TD Cowen initiated coverage on shares of Revolve Group (NYSE:RVLV) in a research report issued on Friday, Zacks reports. The firm set a “strong-buy” rating on the stock.

Several other research firms have also commented on RVLV. Wall Street Zen lowered shares of Revolve Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. BTIG Research reissued a “buy” rating and set a $35.00 target price on shares of Revolve Group in a research report on Wednesday. UBS Group lowered their target price on shares of Revolve Group from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday. Roth Capital reaffirmed a “buy” rating and issued a $37.00 price target on shares of Revolve Group in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.69.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $22.39 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 22.17, a P/E/G ratio of 2.92 and a beta of 1.70. The company has a 50-day simple moving average of $21.76 and a two-hundred day simple moving average of $23.38. Revolve Group has a one year low of $17.35 and a one year high of $31.68.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The business had revenue of $347.41 million during the quarter, compared to analyst estimates of $341.91 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts predict that Revolve Group will post 0.80 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

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

About Revolve Group

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.