Revolve Group, Inc. (NYSE:RVLV) Receives Average Recommendation of “Buy” from Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV – Get Rating) have earned an average rating of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $70.94.

A number of analysts recently issued reports on RVLV shares. Morgan Stanley decreased their price objective on Revolve Group from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 24th. Credit Suisse Group decreased their price objective on Revolve Group from $86.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, February 24th. Wedbush decreased their price objective on Revolve Group from $84.00 to $68.00 in a research note on Thursday, February 24th. Zacks Investment Research upgraded Revolve Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 26th. Finally, Raymond James decreased their target price on Revolve Group from $83.00 to $73.00 and set an “outperform” rating on the stock in a research note on Thursday, February 24th.

Shares of NYSE RVLV opened at $49.23 on Friday. Revolve Group has a one year low of $38.82 and a one year high of $89.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 1.68. The business’s fifty day moving average price is $51.67 and its 200-day moving average price is $59.76. The stock has a market capitalization of $3.61 billion, a PE ratio of 37.02, a P/E/G ratio of 3.93 and a beta of 2.31.

Revolve Group (NYSE:RVLV – Get Rating) last released its quarterly earnings data on Wednesday, February 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.21. Revolve Group had a return on equity of 36.56% and a net margin of 11.20%. The company had revenue of $239.81 million for the quarter, compared to analyst estimates of $222.06 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 70.4% compared to the same quarter last year. As a group, equities analysts expect that Revolve Group will post 1.2 EPS for the current fiscal year.

In related news, major shareholder Mmmk Development, Inc. sold 95,110 shares of the company’s stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $54.18, for a total transaction of $5,153,059.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Mente sold 64,003 shares of the company’s stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $54.24, for a total transaction of $3,471,522.72. The disclosure for this sale can be found here. Insiders have sold a total of 359,785 shares of company stock valued at $19,149,373 over the last quarter. 51.12% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. William Blair Investment Management LLC increased its position in Revolve Group by 14.2% during the 4th quarter. William Blair Investment Management LLC now owns 3,744,966 shares of the company’s stock valued at $209,868,000 after purchasing an additional 466,908 shares during the period. BlackRock Inc. increased its position in Revolve Group by 2.9% during the 4th quarter. BlackRock Inc. now owns 2,572,533 shares of the company’s stock valued at $144,163,000 after purchasing an additional 71,635 shares during the period. Marshall Wace LLP increased its position in Revolve Group by 258.8% during the 4th quarter. Marshall Wace LLP now owns 1,330,838 shares of the company’s stock valued at $74,578,000 after purchasing an additional 959,875 shares during the period. Stephens Investment Management Group LLC increased its position in Revolve Group by 6.9% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,158,250 shares of the company’s stock valued at $64,908,000 after purchasing an additional 74,721 shares during the period. Finally, Renaissance Technologies LLC increased its position in Revolve Group by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,061,000 shares of the company’s stock valued at $59,458,000 after purchasing an additional 190,700 shares during the period. 52.22% of the stock is currently owned by institutional investors and hedge funds.

About Revolve Group (Get Rating)

Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

See Also