The share price of Revolve Group Inc. (NYSE:RVLV) rose to $28.54 per share on Tuesday from $27.57. While Revolve Group Inc. has overperformed by 3.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RVLV fell by -37.81%, with highs and lows ranging from $63.92 to $20.17, whereas the simple moving average jumped by 3.40% in the last 200 days.
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On January 05, 2023, Piper Sandler Downgraded Revolve Group Inc. (NYSE: RVLV) to Neutral. A report published by UBS on December 16, 2022, Initiated its previous ‘Neutral’ rating for RVLV. Barclays also Downgraded RVLV shares as ‘Underweight’, setting a target price of $20 on the company’s shares in a report dated August 15, 2022. Wedbush August 04, 2022d the rating to Neutral on August 04, 2022, and set its price target from $59 to $23. BofA Securities July 26, 2022d its ‘Buy’ rating to ‘Underperform’ for RVLV, as published in its report on July 26, 2022. Piper Sandler’s report from July 22, 2022 suggests a price prediction of $42 for RVLV shares, giving the stock a ‘Overweight’ rating. KeyBanc Capital Markets also rated the stock as ‘Overweight’.
Analysis of Revolve Group Inc. (RVLV)
Further, the quarter-over-quarter increase in sales is 10.10%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Revolve Group Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 23.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and RVLV is recording an average volume of 1.20M. On a monthly basis, the volatility of the stock is set at 5.65%, whereas on a weekly basis, it is put at 6.66%, with a gain of 7.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.31, showing decline from the present price of $28.54, which can serve as yet another indication of whether RVLV is worth investing in or should be passed over.
How Do You Analyze Revolve Group Inc. Shares?
A leading company in the Internet Retail sector, Revolve Group Inc. (RVLV) is based in the USA. When comparing Revolve Group Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 26.57, there is a growth in quarterly earnings of -27.60%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.63%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in RVLV shares?
The recent increase in stakes in RVLV appears to be a result of several institutional investors and hedge funds increasing their positions. Kayne Anderson Rudnick Investment’s position in RVLV has increased by 1,205.34% in the first quarter. The company now owns 7,148,406 shares of the stock, with a value of $159.12 million, following the purchase of 6,600,778 additional shares during the last quarter. Fidelity Management & Research Co made another increased to its shares in RVLV during the first quarter, upping its stake by 0.04%. During the last quarter, the company dropped down 2,421 additional shares for a total stake of worth $135.98 million, bringing number of shares owned by the company to 6,108,938.
During the first quarter, William Blair Investment Manageme subtracted a -819,253 position in RVLV. The Vanguard Group, Inc. sold an additional 98669.0 shares in the last quarter, decreasing its holdings by -2.56%, now holding 3.75 million shares worth $83.52 million. At the end of the first quarter, Fisher Asset Management LLC increased its RVLV holdings by 17.28% and now holds 2.63 million RVLV shares valued at $58.47 million with the added 0.39 million shares during the period.
