Revolve Group, Inc. (NYSE:RVLV – Get Rating) – KeyCorp issued their Q2 2022 earnings per share estimates for Revolve Group in a note issued to investors on Wednesday, July 20th. KeyCorp analyst N. Zatzkin anticipates that the company will post earnings per share of $0.34 for the quarter. KeyCorp currently has a “Overweight” rating and a $36.00 target price on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $1.24 per share. KeyCorp also issued estimates for Revolve Group’s Q3 2022 earnings at $0.29 EPS, Q4 2022 earnings at $0.35 EPS, FY2022 earnings at $1.28 EPS and FY2023 earnings at $1.63 EPS.
Revolve Group (NYSE:RVLV – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Revolve Group had a return on equity of 33.24% and a net margin of 10.06%. The firm had revenue of $283.50 million for the quarter, compared to analysts’ expectations of $256.78 million. During the same period last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 58.5% compared to the same quarter last year.
A number of other analysts have also weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Revolve Group from $53.00 to $37.00 in a report on Wednesday, July 20th. Robert W. Baird dropped their target price on shares of Revolve Group from $70.00 to $65.00 in a report on Wednesday, May 4th. Credit Suisse Group dropped their target price on shares of Revolve Group from $74.00 to $58.00 in a report on Wednesday, May 4th. Piper Sandler reiterated an “overweight” rating and set a $42.00 target price on shares of Revolve Group in a report on Friday. Finally, BMO Capital Markets dropped their target price on shares of Revolve Group from $47.00 to $35.00 in a report on Wednesday, May 4th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.88.
Revolve Group Stock Down 3.9 %
Shares of NYSE:RVLV opened at $28.62 on Monday. The stock’s 50-day moving average price is $28.72 and its 200-day moving average price is $41.80. Revolve Group has a 12-month low of $24.10 and a 12-month high of $89.60. The stock has a market capitalization of $2.10 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.80 and a beta of 2.27. The company has a current ratio of 2.39, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.
Hedge Funds Weigh In On Revolve Group
Several large investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Revolve Group by 35.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,169 shares of the company’s stock valued at $289,000 after purchasing an additional 2,935 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Revolve Group by 226.0% during the second quarter. Equitable Trust Co. now owns 38,619 shares of the company’s stock valued at $1,000,000 after purchasing an additional 26,774 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Revolve Group by 4.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 9,260 shares of the company’s stock valued at $240,000 after purchasing an additional 429 shares during the last quarter. Atalanta Sosnoff Capital LLC lifted its holdings in shares of Revolve Group by 30.9% during the second quarter. Atalanta Sosnoff Capital LLC now owns 189,560 shares of the company’s stock valued at $4,911,000 after purchasing an additional 44,761 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Revolve Group during the first quarter valued at approximately $2,109,000. 54.50% of the stock is currently owned by hedge funds and other institutional investors.
About Revolve Group
Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women’s apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.