Revolve Group (NYSE:RVLV) Shares Gap Up to $23.15

Revolve Group, Inc. (NYSE:RVLVGet Rating)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $23.15, but opened at $24.36. Revolve Group shares last traded at $23.84, with a volume of 3,125 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group assumed coverage on Revolve Group in a research report on Friday, December 16th. They set a “neutral” rating and a $25.00 price objective for the company. Morgan Stanley cut their price objective on 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. BMO Capital Markets cut their price objective on 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. Credit Suisse Group cut their price objective on Revolve Group from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, Needham & Company LLC reduced their target price on Revolve Group from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.65.

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 firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 5.60 and a beta of 2.09. The stock’s 50 day moving average price is $24.55 and its two-hundred day moving average price is $24.90.

Revolve Group (NYSE:RVLVGet Rating) last posted its earnings results on Wednesday, November 2nd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The firm had revenue of $268.71 million for the quarter, compared to the consensus estimate of $258.89 million. Revolve Group had a net margin of 7.41% and a return on equity of 23.23%. Analysts anticipate that Revolve Group, Inc. will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently bought and sold shares of RVLV. Advisor Group Holdings Inc. boosted its holdings in Revolve Group by 14.0% during the first quarter. Advisor Group Holdings Inc. now owns 21,432 shares of the company’s stock valued at $358,000 after acquiring an additional 2,632 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Revolve Group by 16.7% in the first quarter. JPMorgan Chase & Co. now owns 28,143 shares of the company’s stock valued at $1,511,000 after buying an additional 4,017 shares during the period. Raymond James & Associates lifted its stake in shares of Revolve Group by 24.5% in the first quarter. Raymond James & Associates now owns 57,413 shares of the company’s stock valued at $3,083,000 after buying an additional 11,313 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Revolve Group by 55.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,052 shares of the company’s stock valued at $163,000 after buying an additional 1,083 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Revolve Group by 52.9% in the first quarter. MetLife Investment Management LLC now owns 20,328 shares of the company’s stock valued at $1,091,000 after buying an additional 7,031 shares during the period. 71.64% 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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