Morgan Stanley Increases Revolve Group (NYSE:RVLV) Price Target to $26.00

Revolve Group (NYSE:RVLV) had its target price lifted by equities researchers at Morgan Stanley from $24.00 to $26.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 23.16% from the stock’s current price.

A number of other research firms have also commented on RVLV. Barclays upped their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Revolve Group in a report on Wednesday, October 8th. Zacks Research downgraded Revolve Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. UBS Group lifted their price objective on Revolve Group from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial boosted their price objective on Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Revolve Group has an average rating of “Moderate Buy” and an average target price of $25.92.

Revolve Group Trading Down 4.8%

NYSE RVLV opened at $21.11 on Wednesday. The firm has a market capitalization of $1.51 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.93. The business’s 50-day moving average price is $22.32 and its two-hundred day moving average price is $21.26. Revolve Group has a 12 month low of $16.80 and a 12 month high of $39.58.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The company had revenue of $295.63 million for the quarter, compared to analyst estimates of $297.36 million. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. As a group, analysts forecast that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Revolve Group by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock valued at $2,481,000 after buying an additional 3,827 shares during the last quarter. Principal Financial Group Inc. lifted its position in Revolve Group by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 102,440 shares of the company’s stock valued at $2,201,000 after acquiring an additional 5,390 shares in the last quarter. Vanguard Group Inc. boosted its stake in Revolve Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company’s stock valued at $84,469,000 after purchasing an additional 98,413 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its stake in Revolve Group by 100.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock valued at $1,684,000 after purchasing an additional 42,000 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Revolve Group by 3.4% during the 1st quarter. Rhumbline Advisers now owns 55,133 shares of the company’s stock worth $1,185,000 after purchasing an additional 1,788 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z 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.