In this case, investors probably didn't like that sales growth decelerated to 40% year over year in July. Why NanoViricides Jumped Over 48 Here Are 106 Biggest Movers From Yesterday Revolve Group (NYSE:RVLV) Shares Gap Down on Analyst Downgrade Cowen retail/. This was a meaningful acceleration over the first quarter's 22% increase in sales.īut with the share price soaring to a high valuation recently, some investors may have headed into the quarter with itchy trigger fingers. The Revolve Group is an emerging e-commerce. Net sales increased by 60% year over year to $228 million, while net profit more than doubled over the year-ago quarter. (RVLV) stock quote, history, news and other vital information to help you with your stock trading and investing. Taking the quarter at face value, the company is clearly performing very well. Revolve Group ( NYSE: RVLV) is a fashion retailer that utilizes celebrity influencers, social media campaigns, and live events to target Millennial and Generation Z consumers. EDT on Thursday, the stock is still up 81% year to date.
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Even with the share price down 18.9% as of 11:20 a.m. Redmi Watch 2 Lite Redmi Smart Band Pro Sports Watch. The apparel stock had been steadily rising this year, as investors viewed the stock as a good reopening play. REVOLVE segment offers constant newness and discovery through an assortment of premium apparel, footwear, accessories and beauty products. The Company operates through two retail segments, REVOLVE and FWRD, which offer complementary assortments. The 17 analysts offering 12-month price forecasts for Revolve Group Inc have a median target of 32.00, with a high estimate of 40.00 and. The stock had a trading volume of 2,001,324 shares, compared to its average volume of 2,284,942. is a fashion retailer for Millennial and Generation Z consumers. Revolve Group Price Performance RVLV traded down 1.81 during midday trading on Friday, hitting 23.58. If you experience any issues with this process, please contact us for further assistance. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Revolve Group ( RVLV 1.31%) reported second-quarter earnings results that significantly exceeded analysts' expectations. What seemed to spook investors was that the company's sales growth showed a sharp deceleration from the end of Q2 into July. While management expressed optimism about the recovery underway in the economy, it said that COVID-19 is still negatively impacting the business in certain markets around the world. According to MarketBeat, Revolve Group currently has an average rating of 'Moderate Buy' and an average target price of 38.72. At Revolve Group, Inc., we promise to treat your data with respect and will not share your information with any third party.