Wall Street Zen Downgrades Revolve Group (NYSE:RVLV) to Hold

Revolve Group (NYSE:RVLV) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other equities research analysts have also recently issued reports on the stock. BTIG Research reissued a “buy” rating and issued a $30.00 target price on shares of Revolve Group in a research report on Wednesday. Zacks Research downgraded shares of Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Morgan Stanley lifted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Roth Capital reissued a “buy” rating and set a $30.00 price objective (up from $27.00) on shares of Revolve Group in a research note on Wednesday, November 5th. Finally, Evercore ISI reaffirmed a “mixed” rating on shares of Revolve Group in a research report on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

Revolve Group Trading Up 6.6%

Revolve Group stock opened at $23.43 on Friday. The stock has a fifty day moving average price of $22.05 and a 200 day moving average price of $21.42. Revolve Group has a 52 week low of $16.80 and a 52 week high of $39.58. The firm has a market capitalization of $1.67 billion, a P/E ratio of 30.83, a PEG ratio of 2.61 and a beta of 1.93.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The firm 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 last year, the company earned $0.15 EPS. As a group, equities analysts predict that Revolve Group will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in shares of Revolve Group by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock valued at $2,481,000 after acquiring an additional 3,827 shares in the last quarter. CWM LLC lifted its stake in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after purchasing an additional 836 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Revolve Group during the first quarter worth about $231,000. Federated Hermes Inc. boosted its position in shares of Revolve Group by 3.3% in the first quarter. Federated Hermes Inc. now owns 245,091 shares of the company’s stock worth $5,267,000 after buying an additional 7,777 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Revolve Group in the first quarter valued at about $1,872,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.