Revolve Group (NYSE:RVLV) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of Revolve Group (NYSE:RVLV) in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm issued an inline rating and a $14.00 price target on the stock.

Several other brokerages also recently issued reports on RVLV. Wedbush cut their price objective on Revolve Group from $19.00 to $12.00 and set a neutral rating for the company in a research report on Thursday, November 2nd. BMO Capital Markets cut their price objective on Revolve Group from $17.00 to $13.00 and set a market perform rating for the company in a research report on Friday, November 3rd. Barclays lowered their target price on shares of Revolve Group from $17.00 to $15.00 and set an underweight rating for the company in a research note on Thursday, August 3rd. Morgan Stanley lowered their target price on shares of Revolve Group from $21.00 to $19.00 and set an equal weight rating for the company in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $20.00 target price on shares of Revolve Group in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group presently has a consensus rating of Hold and a consensus price target of $19.20.

Revolve Group Trading Up 4.5 %

RVLV stock opened at $13.93 on Tuesday. The firm has a 50 day moving average of $13.70 and a 200-day moving average of $15.98. Revolve Group has a 12-month low of $12.25 and a 12-month high of $32.59. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 25.43 and a beta of 2.14.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Revolve Group had a return on equity of 8.24% and a net margin of 3.04%. The company had revenue of $257.60 million for the quarter, compared to analyst estimates of $254.14 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts forecast that Revolve Group will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

Several institutional investors have recently made changes to their positions in RVLV. BlackRock Inc. grew its stake in shares of Revolve Group by 51.0% during the 2nd quarter. BlackRock Inc. now owns 4,235,256 shares of the company’s stock valued at $69,458,000 after buying an additional 1,430,242 shares during the period. William Blair Investment Management LLC boosted its position in Revolve Group by 17.7% during the 1st quarter. William Blair Investment Management LLC now owns 5,616,240 shares of the company’s stock worth $147,707,000 after purchasing an additional 845,814 shares during the period. Portside Wealth Group LLC purchased a new stake in Revolve Group during the 2nd quarter worth $11,891,000. Bank of America Corp DE boosted its position in Revolve Group by 206.2% during the 1st quarter. Bank of America Corp DE now owns 989,500 shares of the company’s stock worth $26,024,000 after purchasing an additional 666,366 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Revolve Group by 8.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,075,525 shares of the company’s stock worth $116,039,000 after purchasing an additional 542,419 shares during the period. 73.35% of the stock is owned by hedge funds and other institutional investors.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. It operates in two segments, REVOLVE and FWRD. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.