Revolve Group’s (RVLV) “Equal Weight” Rating Reaffirmed at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Revolve Group (NYSE:RVLV) in a report released on Monday, Benzinga reports. They currently have a $26.00 price objective on the stock, up from their previous price objective of $17.00.

Other analysts have also issued research reports about the company. UBS Group lifted their target price on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. TD Cowen boosted their target price on Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. BTIG Research lifted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Robert W. Baird boosted their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Barclays raised their target price on shares of Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Revolve Group has a consensus rating of “Hold” and an average target price of $22.06.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $26.20 on Monday. The company has a market capitalization of $1.85 billion, a PE ratio of 58.22, a PEG ratio of 2.57 and a beta of 2.05. The business has a fifty day moving average price of $23.98 and a 200-day moving average price of $20.50. Revolve Group has a 1-year low of $12.42 and a 1-year high of $26.72.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. On average, sell-side analysts anticipate that Revolve Group will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Insiders have sold a total of 124,573 shares of company stock valued at $3,260,634 in the last ninety days. Corporate insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds have recently made changes to their positions in RVLV. Benjamin F. Edwards & Company Inc. purchased a new position in Revolve Group in the 1st quarter worth approximately $45,000. Quarry LP bought a new stake in shares of Revolve Group during the second quarter valued at approximately $68,000. American Century Companies Inc. bought a new position in shares of Revolve Group during the second quarter worth $165,000. nVerses Capital LLC bought a new position in shares of Revolve Group during the third quarter worth $171,000. Finally, Pier 88 Investment Partners LLC purchased a new position in Revolve Group during the second quarter valued at $182,000. Institutional investors own 67.60% of the company’s stock.

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.