Revolve Group Inc. (NYSE: RVLV) shares hit a 52-week high of $26.18, reflecting strong demand in online fashion retail. The stock has jumped 71.58% in the past year, showing growing investor confidence.
In Q2, Revolve reported net sales of $282 million, up 3% year-over-year. Net income more than doubled to $15 million, and adjusted EBITDA rose 97% to $20 million. Analysts have upgraded their outlook, with TD Cowen raising its price target from $25 to $28, maintaining a Buy rating. Piper Sandler set a target of $30 with an Overweight rating, while BTIG increased its target to $26. Baird holds a Neutral rating with a target of $24.
Revolve continues to focus on luxury brands, acquiring an 80% stake in Alexandre Vauthier and partnering with Matches Fashion and Nike (NYSE: NKE).
InvestingPro Insights
Revolve’s stock gained 77.19% over the last year and 56.1% in the past three months. The company has more cash than debt, boosting investor confidence. However, its P/E ratio of 61.68 indicates high growth expectations.
For more insights, InvestingPro provides 10 additional tips for a detailed financial analysis.
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