Revolve Group (NYSE:RVLV) Stock Price Down 4.4%

Revolve Group, Inc. (NYSE:RVLV) dropped 4.4% during trading on Wednesday . The company traded as low as $20.01 and last traded at $20.06. Approximately 220,574 shares were traded during trading, a decline of 79% from the average daily volume of 1,062,429 shares. The stock had previously closed at $20.99.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of recent analyst reports. Wedbush raised their target price on shares of Revolve Group from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Revolve Group in a report on Friday, May 17th. Robert W. Baird raised their target price on shares of Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Morgan Stanley initiated coverage on shares of Revolve Group in a report on Wednesday, February 28th. They issued an “equal weight” rating for the company. Finally, Piper Sandler raised their target price on shares of Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Two equities research 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. According to data from MarketBeat.com, Revolve Group has an average rating of “Hold” and an average target price of $20.50.

Revolve Group Price Performance

The firm has a 50-day moving average price of $20.33 and a two-hundred day moving average price of $17.66. The firm has a market capitalization of $1.37 billion, a P/E ratio of 56.88, a P/E/G ratio of 2.66 and a beta of 2.15.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $270.60 million during the quarter, compared to the consensus estimate of $271.80 million. Revolve Group had a return on equity of 6.30% and a net margin of 2.34%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. Sell-side analysts predict that Revolve Group, Inc. will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Revolve Group by 8.3% in the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after buying an additional 631 shares during the last quarter. US Bancorp DE raised its stake in shares of Revolve Group by 1.8% during the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after buying an additional 677 shares during the period. Essex Investment Management Co. LLC raised its stake in Revolve Group by 0.7% in the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after purchasing an additional 767 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Revolve Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after purchasing an additional 1,493 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.