Revolve Group, Inc. (NYSE: RVLV) has received a consensus rating of “Moderate Buy” from fifteen analysts currently covering the company, according to Marketbeat. This rating reflects a mix of opinions, with seven analysts recommending a hold and eight issuing buy recommendations. The average target price set by these analysts stands at **$25.92** for the next twelve months.
Several recent reports have provided insights into Revolve Group’s stock performance. Notably, on **October 6, 2023**, Zacks Research downgraded the company’s rating from “strong-buy” to “hold.” Conversely, on **October 21, 2023**, UBS Group raised its price target from **$22.00** to **$23.00**, while maintaining a “neutral” rating. Wall Street Zen recently upgraded the stock from a “hold” rating to a “buy” rating, further indicating positive sentiment around the company.
Piper Sandler also reported an increase in their target price for Revolve Group, moving it from **$22.00** to **$25.00**, along with an “overweight” rating. Weiss Ratings reaffirmed a “hold (c)” rating on **October 8, 2023**, indicating a cautious approach to the stock.
Quarterly Earnings and Financial Performance
Revolve Group announced its quarterly earnings on **November 4, 2023**, reporting an earnings per share (EPS) of **$0.24**. This figure surpassed analysts’ expectations of **$0.11** by **$0.13**. The company achieved a net margin of **4.64%** and a return on equity of **11.26%**. Revenue for the quarter totaled **$295.63 million**, slightly lower than the anticipated **$297.36 million**, but representing a **4.4%** increase compared to the same quarter of the previous year, when the company posted an EPS of **$0.15**.
Analysts predict that Revolve Group will achieve an EPS of **$0.60** for the current fiscal year, which reflects the company’s ongoing growth trajectory.
Institutional Investor Activity
Recent activity among institutional investors indicates growing interest in Revolve Group. Vanguard Group Inc. increased its stake by **2.6%** in the first quarter, now owning **3,930,620** shares valued at approximately **$84.47 million** after acquiring an additional **98,413** shares. Fuller & Thaler Asset Management Inc. also enhanced its holdings by **27.3%**, accumulating **2,363,896** shares worth roughly **$50.80 million**.
William Blair Investment Management LLC raised its position in the third quarter by **3.7%**, owning **1,841,578** shares valued at **$39.23 million** after acquiring **65,843** additional shares. Meanwhile, Balyasny Asset Management L.P. grew its position by **18.4%**, now holding **1,196,171** shares valued at around **$25.48 million**. Cooper Creek Partners Management LLC entered a new position in the stock, investing approximately **$22.16 million**.
Overall, institutional investors and hedge funds collectively own **67.60%** of Revolve Group’s stock, reflecting significant confidence in the company’s future prospects.
Revolve Group, Inc. operates as an online fashion retailer primarily targeting millennial and Generation Z consumers, both in the United States and internationally. The company functions through two segments, **REVOLVE** and **FWRD**, and maintains a platform that connects consumers with global fashion influencers and various brands.
As Revolve Group continues to navigate the competitive fashion retail landscape, analysts remain attentive to its performance and market positioning, providing ongoing evaluations and recommendations.
