Credit Suisse Group Lowers Revolve Group (NYSE:RVLV) Price Target to $58.00

Revolve Group (NYSE:RVLVGet Rating) had its price objective cut by research analysts at Credit Suisse Group from $74.00 to $58.00 in a research note issued to investors on Wednesday, The Fly reports. Credit Suisse Group’s price objective points to a potential upside of 33.30% from the company’s current price.

RVLV has been the subject of several other research reports. Wedbush reduced their price target on shares of Revolve Group from $84.00 to $68.00 in a report on Thursday, February 24th. Needham & Company LLC initiated coverage on shares of Revolve Group in a report on Thursday, March 17th. They issued a “buy” rating and a $60.00 price target for the company. Raymond James reduced their price target on shares of Revolve Group from $83.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, February 24th. Morgan Stanley reduced their price target on shares of Revolve Group from $57.00 to $56.00 and set an “equal weight” rating for the company in a report on Thursday, February 24th. Finally, William Blair restated an “outperform” rating on shares of Revolve Group in a report on Wednesday, April 27th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Revolve Group has an average rating of “Buy” and a consensus price target of $67.67.

Shares of RVLV opened at $43.51 on Wednesday. Revolve Group has a 1-year low of $38.82 and a 1-year high of $89.60. The company has a 50-day moving average of $49.92 and a 200 day moving average of $58.44. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.06 and a beta of 2.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 1.68.

Revolve Group (NYSE:RVLVGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Revolve Group had a net margin of 11.20% and a return on equity of 36.56%. The company had revenue of $283.50 million during the quarter, compared to analyst estimates of $256.78 million. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. On average, equities analysts anticipate that Revolve Group will post 1.21 earnings per share for the current fiscal year.

In related news, CEO Michael Mente sold 78,916 shares of the stock in a transaction on Friday, March 18th. The shares were sold at an average price of $52.37, for a total transaction of $4,132,830.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Mmmk Development, Inc. sold 33,202 shares of the stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of $52.19, for a total transaction of $1,732,812.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 359,785 shares of company stock worth $19,149,373. 51.12% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaCrest Capital Management LLC boosted its holdings in Revolve Group by 4.2% during the third quarter. AlphaCrest Capital Management LLC now owns 4,329 shares of the company’s stock worth $267,000 after buying an additional 173 shares in the last quarter. Meitav Dash Investments Ltd. boosted its holdings in Revolve Group by 1.0% during the fourth quarter. Meitav Dash Investments Ltd. now owns 20,560 shares of the company’s stock worth $1,167,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Revolve Group by 10.8% during the third quarter. PNC Financial Services Group Inc. now owns 2,130 shares of the company’s stock worth $131,000 after buying an additional 208 shares in the last quarter. Legal & General Group Plc lifted its holdings in Revolve Group by 2.0% during the fourth quarter. Legal & General Group Plc now owns 15,708 shares of the company’s stock valued at $880,000 after purchasing an additional 311 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Revolve Group by 51.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 977 shares of the company’s stock valued at $55,000 after purchasing an additional 330 shares in the last quarter. 54.50% of the stock is currently owned by hedge funds and other institutional investors.

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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