Raymond James Cuts Revolve Group (NYSE:RVLV) Price Target to $21.00

Revolve Group (NYSE:RVLV) had its price objective reduced by Raymond James from $25.00 to $21.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

RVLV has been the subject of a number of other research reports. Roth Mkm reissued a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Barclays increased their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Morgan Stanley reduced their price target on shares of Revolve Group from $29.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Robert W. Baird dropped their price objective on shares of Revolve Group from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, Jefferies Financial Group upgraded shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Revolve Group Trading Up 1.8 %

NYSE RVLV opened at $17.74 on Wednesday. The company has a market capitalization of $1.26 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The business’s 50-day moving average price is $20.96 and its 200 day moving average price is $27.96. Revolve Group has a twelve month low of $14.87 and a twelve month high of $39.58.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $296.71 million for the quarter, compared to analysts’ expectations of $297.56 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. Equities analysts predict that Revolve Group will post 0.6 EPS for the current year.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Mente sold 67,118 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,256,430. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,406 shares of company stock valued at $4,378,812 in the last three months. Corporate insiders own 43.82% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds have recently added to or reduced their stakes in RVLV. Venturi Wealth Management LLC boosted its holdings in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new position in shares of Revolve Group during the fourth quarter worth about $50,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of Revolve Group in the 4th quarter worth about $65,000. Northwest & Ethical Investments L.P. bought a new stake in Revolve Group in the 4th quarter valued at about $87,000. Finally, CWM LLC grew its position in Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after purchasing an additional 836 shares during the last quarter. Institutional investors and hedge funds 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.