Zacks Investment Research Lowers Revolve Group (NYSE:RVLV) to Hold

Revolve Group (NYSE:RVLVGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

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. “

Several other research analysts also recently weighed in on RVLV. William Blair reissued an “outperform” rating on shares of Revolve Group in a research note on Wednesday, April 27th. Morgan Stanley cut their target price on shares of Revolve Group from $57.00 to $56.00 and set an “equal weight” rating for the company in a research note on Thursday, February 24th. Cowen lowered their price target on Revolve Group from $65.00 to $52.00 in a report on Wednesday. BMO Capital Markets lowered their price target on Revolve Group from $47.00 to $35.00 in a report on Wednesday. Finally, Needham & Company LLC began coverage on Revolve Group in a report on Thursday, March 17th. They issued a “buy” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Revolve Group presently has an average rating of “Buy” and a consensus price target of $66.00.

Shares of RVLV stock opened at $33.57 on Friday. The firm has a 50-day moving average price of $49.30 and a 200 day moving average price of $58.11. Revolve Group has a twelve month low of $32.93 and a twelve month high of $89.60. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.15 and a beta of 2.32. The company has a current ratio of 2.75, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01.

Revolve Group (NYSE:RVLVGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. Revolve Group had a net margin of 10.06% and a return on equity of 34.75%. The firm had revenue of $283.50 million during the quarter, compared to the consensus estimate of $256.78 million. During the same quarter in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. As a group, research analysts predict that Revolve Group will post 1.24 earnings per share for the current year.

In related news, major shareholder Mmmk Development, Inc. sold 33,202 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 900 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $52.31, for a total value of $47,079.00. 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 in the last quarter. Company insiders own 51.12% of the company’s stock.

Several large investors have recently added to or reduced their stakes in RVLV. CWM LLC boosted its stake in Revolve Group by 1,478.9% during the first quarter. CWM LLC now owns 900 shares of the company’s stock valued at $48,000 after buying an additional 843 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of 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 during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of 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 purchasing an additional 670 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Revolve Group during the first quarter valued at $70,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Revolve Group by 200.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,038 shares of the company’s stock valued at $126,000 after purchasing an additional 1,360 shares during the last quarter. 54.50% of the stock is owned by 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.

Further Reading

Get a free copy of the Zacks research report on Revolve Group (RVLV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Revolve Group (NYSE:RVLV)

Receive News & Ratings for Revolve Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolve Group and related companies with MarketBeat.com's FREE daily email newsletter.