Revolve Group (NYSE:RVLV) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Revolve Group (NYSE:RVLV) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

A number of other analysts also recently issued reports on the company. Evercore ISI restated a “mixed” rating on shares of Revolve Group in a research report on Wednesday, November 5th. Morgan Stanley raised their target price on shares of Revolve Group from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Zacks Research cut shares of Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. UBS Group increased their price objective on shares of Revolve Group from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Barclays boosted their target price on Revolve Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Revolve Group currently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

Revolve Group Trading Up 8.2%

RVLV opened at $28.43 on Tuesday. Revolve Group has a 12 month low of $16.80 and a 12 month high of $39.58. The stock has a 50-day moving average of $22.64 and a 200 day moving average of $21.93. The firm has a market cap of $2.03 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.92 and a beta of 1.84.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.13. The business had revenue of $295.63 million during the quarter, compared to analyst estimates of $297.36 million. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. On average, research analysts forecast that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Revolve Group

In related news, CEO Michael Mente sold 114,024 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $26.67, for a total value of $3,041,020.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 178,739 shares of company stock valued at $4,723,052 over the last quarter. 46.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of Revolve Group during the 1st quarter worth $25,000. State of Alaska Department of Revenue purchased a new stake in Revolve Group in the third quarter worth about $46,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in Revolve Group during the 2nd quarter worth about $60,000. Elevation Point Wealth Partners LLC purchased a new position in Revolve Group during the 2nd quarter valued at about $68,000. Finally, Quarry LP increased its position in Revolve Group by 6,932.1% during the 3rd quarter. Quarry LP now owns 3,727 shares of the company’s stock valued at $79,000 after purchasing an additional 3,674 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.