Revolve Group (NYSE:RVLV)‘s stock had its “buy” rating reaffirmed by investment analysts at Cowen in a research report issued to clients and investors on Monday, TipRanks reports. They presently have a $34.00 price target on the stock. Cowen’s price target would suggest a potential upside of 99.53% from the company’s previous close.
Several other analysts have also recently commented on RVLV. Morgan Stanley assumed coverage on shares of Revolve Group in a research report on Thursday, December 5th. They set a “buy” rating for the company. Guggenheim reiterated a “buy” rating and set a $50.00 target price on shares of Revolve Group in a research report on Monday, November 4th. Zacks Investment Research upgraded shares of Revolve Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Thursday, November 7th. Raymond James dropped their target price on shares of Revolve Group from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. They noted that the move was a valuation call. Finally, Robert W. Baird began coverage on shares of Revolve Group in a research report on Tuesday, November 12th. They issued an “outperform” rating and a $26.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Revolve Group currently has an average rating of “Buy” and an average price target of $34.36.
Shares of Revolve Group stock opened at $17.04 on Monday. The company’s fifty day simple moving average is $17.90. Revolve Group has a 52 week low of $14.35 and a 52 week high of $48.36.
Revolve Group (NYSE:RVLV) last issued its earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $154.20 million for the quarter, compared to the consensus estimate of $153.13 million. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, equities research analysts forecast that Revolve Group will post 0.55 earnings per share for the current fiscal year.
In related news, COO David Pujades sold 25,823 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $18.00, for a total value of $464,814.00. Following the completion of the sale, the chief operating officer now owns 25,823 shares in the company, valued at approximately $464,814. The transaction was disclosed in a filing with the SEC, which is available through this link.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in Revolve Group during the 2nd quarter worth about $30,597,000. Carillon Tower Advisers Inc. bought a new position in Revolve Group during the 2nd quarter worth about $27,521,000. Eagle Asset Management Inc. increased its holdings in Revolve Group by 63.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,932,575 shares of the company’s stock worth $45,164,000 after purchasing an additional 747,629 shares in the last quarter. BlackRock Inc. bought a new position in Revolve Group during the 2nd quarter worth about $19,068,000. Finally, Bamco Inc. NY bought a new position in Revolve Group during the 2nd quarter worth about $17,250,000. Institutional investors and hedge funds own 25.54% of the company’s stock.
Revolve Group Company Profile
Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.
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