Revolve Group, Inc. (NYSE:RVLV – Get Rating) – Analysts at William Blair dropped their Q1 2023 earnings per share estimates for shares of Revolve Group in a research note issued to investors on Thursday, February 23rd. William Blair analyst D. Carden now expects that the company will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.20. The consensus estimate for Revolve Group's current full-year earnings is $0.84 per share. William Blair also issued estimates for Revolve Group's Q3 2023 earnings at $0.23 EPS, Q4 2023 earnings at $0.23 EPS, FY2023 earnings at $0.76 EPS, Q3 2024 earnings at $0.28 EPS and FY2024 earnings at $0.97 EPS.

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Revolve Group (NYSE:RVLV – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Revolve Group had a return on equity of 16.55% and a net margin of 5.33%. The business had revenue of $259.20 million during the quarter, compared to analyst estimates of $240.41 million. During the same quarter last year, the company posted $0.39 EPS. Revolve Group's revenue for the quarter was up 8.1% on a year-over-year basis.

A number of other research firms have also weighed in on RVLV. Piper Sandler lowered Revolve Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $34.00 to $28.00 in a research report on Thursday, January 5th. Credit Suisse Group raised their price objective on Revolve Group from $30.00 to $33.00 and gave the stock an "outperform" rating in a research report on Friday. BTIG Research restated a "buy" rating and set a $35.00 price objective on shares of Revolve Group in a research report on Tuesday, February 7th. Needham & Company LLC restated a "buy" rating and set a $30.00 price objective on shares of Revolve Group in a research report on Friday. Finally, BMO Capital Markets decreased their price objective on Revolve Group from $22.00 to $18.00 and set a "market perform" rating for the company in a research report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $29.24.

Revolve Group Trading Up 4.2 %

NYSE:RVLV opened at $25.76 on Monday. The company has a quick ratio of 1.58, a current ratio of 2.65 and a debt-to-equity ratio of 0.05. Revolve Group has a 1-year low of $20.17 and a 1-year high of $59.00. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 6.09 and a beta of 2.15. The stock has a fifty day simple moving average of $25.10 and a 200 day simple moving average of $24.68.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in shares of Revolve Group in the 2nd quarter valued at approximately $26,000. Wolff Wiese Magana LLC bought a new position in Revolve Group in the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC increased its position in Revolve Group by 421.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,670 shares of the company's stock worth $43,000 after buying an additional 1,350 shares during the period. Spire Wealth Management increased its position in Revolve Group by 33.6% in the 3rd quarter. Spire Wealth Management now owns 2,031 shares of the company's stock worth $44,000 after buying an additional 511 shares during the period. Finally, BloombergSen Inc. increased its position in Revolve Group by 26.7% in the 4th quarter. BloombergSen Inc. now owns 2,850 shares of the company's stock worth $63,000 after buying an additional 600 shares during the period. 71.64% of the stock is owned by institutional investors.

Revolve Group Company Profile

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Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the following segments: Revolve, and Forward (FWRD). The Revolve segment offers constant newness and discovery through a broad assortment of premium apparel, footwear, accessories and beauty products.

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