Revolve Group (NYSE:RVLV) Shares Gap Down to $28.69

Revolve Group, Inc. (NYSE:RVLVGet Rating)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $28.69, but opened at $27.45. Revolve Group shares last traded at $27.51, with a volume of 1,239 shares changing hands.

Analyst Ratings Changes

RVLV has been the subject of several recent research reports. Morgan Stanley lowered their price objective on shares of Revolve Group from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 25th. Raymond James lowered their price objective on shares of Revolve Group from $42.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Barclays downgraded shares of Revolve Group from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $30.00 to $20.00 in a research report on Monday, August 15th. BMO Capital Markets lowered their price objective on shares of Revolve Group from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, November 3rd. Finally, BTIG Research reduced their target price on Revolve Group from $50.00 to $31.00 in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.41.

Revolve Group Price Performance

The company has a quick ratio of 1.58, a current ratio of 2.65 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.90 billion, a P/E ratio of 24.27, a PEG ratio of 7.28 and a beta of 2.08. The business has a 50 day simple moving average of $23.65 and a 200-day simple moving average of $26.73.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Revolve Group by 1,205.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,148,406 shares of the company’s stock valued at $155,049,000 after buying an additional 6,600,778 shares during the last quarter. FMR LLC increased its holdings in shares of Revolve Group by 0.4% during the second quarter. FMR LLC now owns 6,106,622 shares of the company’s stock valued at $158,223,000 after purchasing an additional 22,186 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Revolve Group by 36.3% during the second quarter. William Blair Investment Management LLC now owns 5,816,875 shares of the company’s stock valued at $150,715,000 after purchasing an additional 1,549,139 shares during the period. Vanguard Group Inc. increased its holdings in shares of Revolve Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,873,370 shares of the company’s stock valued at $207,961,000 after purchasing an additional 48,189 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Revolve Group by 17.3% during the third quarter. Fisher Asset Management LLC now owns 2,626,704 shares of the company’s stock valued at $56,973,000 after purchasing an additional 386,988 shares during the period. 71.06% of the stock is currently owned by institutional investors.

About Revolve Group

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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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