KeyCorp Analysts Lower Earnings Projections for Revolve Group, Inc.

RVLV Stock

Fashion e-commerce company Revolve Group, Inc. (RVLV:NYE) is expected to post lower earnings per share (EPS) for the fiscal year 2024, according to a report released on May 3rd by KeyCorp. Analyst N. Zatzkin reduced their EPS estimate for the year to $0.79 per share, down from their previous forecast of $0.98. The consensus estimate for Revolve Group’s current full-year earnings is $0.63 per RVLV stock share.

 

RVLV Stock-Analyst Ratings:

Other research firms have also recently released reports on RVLV stock, with mixed ratings and price target adjustments. BMO Capital Markets lowered their price target on shares of Revolve Group from $22.00 to $17.00, while Credit Suisse Group increased their price target on Revolve Group from $30.00 to $33.00 and gave the stock an “outperform” rating.

Raymond James lowered Revolve Group from an “outperform” rating to a “market perform” rating, and Stifel Nicolaus lowered their target price on shares of Revolve Group from $29.00 to $24.00.

RVLV Ratings by Stock Target Advisor

RVLV Stock Price Analysis:

Revolve Group opened at $18.29 on May 8th, trading down 1.2%. The company has a 52-week low of $17.02 and a 52-week high of $33.88. Its 50-day moving average price is $24.00, and its 200-day moving average price is $24.63.

Revolve Group has a quick ratio of 1.67, a current ratio of 2.85, and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.34 billion, a PE ratio of 26.90, a P/E/G ratio of 2.22, and a beta of 2.12.

Revolve Group presently has a consensus rating of “Buy” and an average price target of $25.58, according to Stock Target Advisor‘s data.

RVLV Ratings by Stock Target Advisor

Previous Quarter Earnings Review:

Revolve Group released its quarterly earnings results on May 3rd, reporting $0.19 earnings per share for the quarter, surpassing the consensus estimate of $0.15 by $0.04. The company had revenue of $279.60 million during the quarter, compared to the consensus estimate of $290.14 million.

Revolve Group had a net margin of 4.58% and a return on equity of 13.42%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis, with EPS of $0.30 in the same quarter of the prior year.

 

Hedge Funds & Institutional Holdings:

Several institutional investors have also made changes to their stakes in Revolve Group, with some increasing their positions and others reducing them. For example, Rhumbline Advisers lifted its holdings in shares of Revolve Group by 1.5% in the 1st quarter, now owning 41,888 shares of the RVLV stock valued at $2,249,000. Hedge funds and other institutional investors own 71.64% of the RVLV stock.

 

Company Profile:

Revolve Group, Inc. operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. It operates in two segments, REVOLVE and FWRD.

The company was formerly known as Advance Holdings, LLC, and changed its name to Revolve Group, Inc. in October 2018. Revolve Group, Inc. was founded in 2003 and is headquartered in Cerritos, California.

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