Revolve Group (NYSE:RVLV) Shares Up 5.7%

Revolve Group (NYSE:RVLV) shot up 5.7% on Thursday . The stock traded as high as $24.25 and last traded at $24.19, 1,312,412 shares were traded during trading. A decline of 18% from the average session volume of 1,593,132 shares. The stock had previously closed at $22.88.

Several research firms recently weighed in on RVLV. Credit Suisse Group began coverage on Revolve Group in a research report on Tuesday, July 2nd. They set an “outperform” rating and a $40.00 target price on the stock. Barclays began coverage on Revolve Group in a research report on Tuesday, July 2nd. They set an “equal weight” rating and a $32.00 target price on the stock. William Blair began coverage on Revolve Group in a research report on Tuesday, July 2nd. They set an “outperform” rating on the stock. Bank of America reiterated a “neutral” rating and set a $33.00 target price (down from $36.00) on shares of Revolve Group in a research report on Friday, August 9th. Finally, Cowen began coverage on Revolve Group in a research report on Tuesday, July 2nd. They set an “outperform” rating and a $42.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.63.

The stock’s 50-day simple moving average is $23.50.

Revolve Group (NYSE:RVLV) last released its earnings results on Thursday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). The company had revenue of $161.90 million during the quarter, compared to the consensus estimate of $159.93 million. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, equities research analysts expect that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Revolve Group in the second quarter valued at about $35,000. CenterStar Asset Management LLC purchased a new position in shares of Revolve Group in the second quarter valued at about $56,000. FNY Investment Advisers LLC purchased a new position in shares of Revolve Group in the second quarter valued at about $118,000. Gs Investments Inc. purchased a new position in shares of Revolve Group in the second quarter valued at about $178,000. Finally, Sfmg LLC purchased a new position in shares of Revolve Group in the second quarter valued at about $201,000. Institutional investors and hedge funds own 18.47% of the company’s stock.

Revolve Group Company Profile (NYSE:RVLV)

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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