Revolve Group (NYSE:RVLV) Upgraded to “Buy” at Zacks Investment Research

Revolve Group (NYSE:RVLVGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The brokerage presently has a $53.00 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 15.02% from the company’s current price.

According to Zacks, “Revolve Group, Inc. is an e-commerce fashion company. It markets and sells men’s and women’s designer apparels, shoes and accessories. The company offers jackets, pants, shorts, skirts, sweaters, tops, shoes and jewelry products. Revolve Group, Inc. is based in CA, United States. “

RVLV has been the topic of several other research reports. Needham & Company LLC started coverage on Revolve Group in a research note on Thursday, March 17th. They set a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus started coverage on Revolve Group in a research note on Tuesday, March 8th. They set a “buy” rating and a $51.00 price target on the stock. Robert W. Baird cut their price target on Revolve Group from $90.00 to $70.00 in a research note on Thursday, February 24th. Credit Suisse Group cut their price target 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. Finally, Wedbush dropped their price objective on Revolve Group from $84.00 to $68.00 in a research report on Thursday, February 24th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $69.94.

RVLV stock opened at $46.08 on Thursday. The company has a quick ratio of 1.68, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $50.67 and its two-hundred day simple moving average is $59.14. Revolve Group has a twelve month low of $38.82 and a twelve month high of $89.60. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 3.59 and a beta of 2.31.

Revolve Group (NYSE:RVLVGet Rating) last released its earnings results on Wednesday, February 23rd. The company reported $0.39 earnings per share for the quarter, topping 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 business had revenue of $239.81 million for the quarter, compared to analyst estimates of $222.06 million. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue was up 70.4% compared to the same quarter last year. Research analysts expect that Revolve Group will post 1.2 EPS for the current year.

In other news, CEO Michael Mente sold 78,916 shares of the firm’s stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $52.37, for a total value of $4,132,830.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 33,202 shares of the firm’s stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $52.19, for a total value of $1,732,812.38. The disclosure for this sale can be found here. In the last three months, insiders sold 359,785 shares of company stock valued at $19,149,373. Corporate insiders own 51.12% of the company’s stock.

Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its stake in shares of Revolve Group by 109.7% in the third quarter. Cubist Systematic Strategies LLC now owns 41,741 shares of the company’s stock worth $2,578,000 after purchasing an additional 21,832 shares during the last quarter. Swiss National Bank raised its stake in shares of Revolve Group by 8.4% in the third quarter. Swiss National Bank now owns 79,100 shares of the company’s stock worth $4,886,000 after purchasing an additional 6,100 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Revolve Group by 63.1% during the third quarter. Dimensional Fund Advisors LP now owns 303,092 shares of the company’s stock valued at $18,722,000 after acquiring an additional 117,304 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Revolve Group by 134.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock valued at $58,000 after acquiring an additional 670 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Revolve Group by 2.8% during the third quarter. Segall Bryant & Hamill LLC now owns 63,324 shares of the company’s stock valued at $3,911,000 after acquiring an additional 1,715 shares in the last quarter. Hedge funds and other institutional investors own 52.22% of the company’s stock.

Revolve Group Company Profile (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.

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