Revolve Group, Inc. (NYSE:RVLV) Given Consensus Recommendation of “Hold” by Analysts

Shares of Revolve Group, Inc. (NYSE:RVLV) have been given an average recommendation of “Hold” by the seventeen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.63.

A number of research firms have weighed in on RVLV. BTIG Research boosted their target price on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wedbush reissued a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Evercore ISI boosted their target price on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Barclays boosted 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. Finally, TD Cowen boosted their target price on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, August 26th.

Insider Activity at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 46.56% of the stock is owned by corporate insiders.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in RVLV. US Bancorp DE increased its stake in shares of Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after purchasing an additional 677 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Revolve Group by 0.7% in the first quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock worth $2,435,000 after buying an additional 767 shares during the period. Price T Rowe Associates Inc. MD increased its position in Revolve Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after purchasing an additional 1,227 shares during the period. Versor Investments LP increased its position in Revolve Group by 9.0% during the 2nd quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after purchasing an additional 1,405 shares during the period. Finally, Logan Capital Management Inc. increased its position in Revolve Group by 2.3% during the 4th quarter. Logan Capital Management Inc. now owns 81,417 shares of the company’s stock valued at $1,350,000 after purchasing an additional 1,807 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Stock Down 4.0 %

RVLV stock opened at $23.44 on Tuesday. The firm has a market cap of $1.66 billion, a P/E ratio of 68.94, a P/E/G ratio of 2.34 and a beta of 2.05. The company’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $20.18. Revolve Group has a 12 month low of $12.42 and a 12 month high of $26.14.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Equities analysts predict that Revolve Group will post 0.56 EPS for the current year.

About Revolve Group

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.