Revolve Group (NYSE:RVLV) Stock Rating Upgraded by Wall Street Zen

Revolve Group (NYSE:RVLV) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other analysts have also commented on the company. Zacks Research lowered Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Barclays raised their target price 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, November 5th. Evercore ISI reissued a “mixed” rating on shares of Revolve Group in a research note on Wednesday, November 5th. Morgan Stanley increased their price objective 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. Finally, BTIG Research reaffirmed a “buy” rating and set a $30.00 target price on shares of Revolve Group in a report on Wednesday, November 19th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Revolve Group has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $24.17 on Monday. The firm has a 50 day simple moving average of $22.08 and a 200 day simple moving average of $21.63. Revolve Group has a fifty-two week low of $16.80 and a fifty-two week high of $39.58. The firm has a market cap of $1.72 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.68 and a beta of 1.84.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating 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 business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. On average, sell-side analysts expect that Revolve Group will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RVLV. Federated Hermes Inc. raised its holdings in 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 purchasing an additional 7,777 shares during the period. Vanguard Group Inc. grew its holdings in shares of Revolve Group by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company’s stock valued at $84,469,000 after buying an additional 98,413 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Revolve Group by 4.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 84,294 shares of the company’s stock valued at $1,811,000 after buying an additional 3,638 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Revolve Group during the 1st quarter worth $373,000. Finally, Nuveen LLC acquired a new stake in Revolve Group during the 1st quarter worth $2,154,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

About Revolve Group

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.