Wall Street Zen Downgrades Revolve Group (NYSE:RVLV) to Hold

Revolve Group (NYSE:RVLV) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other analysts also recently weighed in on the company. Zacks Research downgraded Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Morgan Stanley upped their price target on Revolve Group from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Barclays raised their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. BTIG Research reaffirmed a “buy” rating and set a $30.00 target price on shares of Revolve Group in a research report on Wednesday, November 19th. Finally, Piper Sandler increased their price target on shares of Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.21.

Revolve Group Trading Down 2.1%

Shares of Revolve Group stock opened at $23.02 on Friday. The firm has a fifty day simple moving average of $22.03 and a 200-day simple moving average of $21.49. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 2.61 and a beta of 1.93. Revolve Group has a 1-year low of $16.80 and a 1-year high of $39.58.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Revolve Group by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock valued at $2,481,000 after acquiring an additional 3,827 shares during the period. Vanguard Group Inc. lifted its stake in Revolve Group by 2.6% during the first quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company’s stock worth $84,469,000 after purchasing an additional 98,413 shares during the period. Hussman Strategic Advisors Inc. boosted its holdings in Revolve Group by 100.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock valued at $1,684,000 after purchasing an additional 42,000 shares in the last quarter. Creative Planning grew its stake in shares of Revolve Group by 10.8% in the 2nd quarter. Creative Planning now owns 155,019 shares of the company’s stock valued at $3,108,000 after purchasing an additional 15,104 shares during the period. Finally, Index Fund Advisors Inc. bought a new stake in shares of Revolve Group in the 2nd quarter valued at approximately $547,000. 67.60% of the stock is owned by 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.