Revolve Group (NYSE:RVLV) Downgraded to Hold Rating by Wall Street Zen

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

A number of other brokerages have also recently weighed in on RVLV. UBS Group lifted their price target on shares of Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Roth Capital restated a “buy” rating and set a $30.00 target price (up previously from $27.00) on shares of Revolve Group in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a research report on Wednesday, October 8th. Barclays raised their price objective on Revolve Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report 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 equities research 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 has an average rating of “Moderate Buy” and an average price target of $26.21.

Revolve Group Trading Up 1.5%

RVLV stock opened at $26.35 on Tuesday. The company has a market cap of $1.88 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.88 and a beta of 1.84. The stock has a 50-day moving average price of $22.50 and a two-hundred day moving average price of $21.86. Revolve Group has a 12-month low of $16.80 and a 12-month high of $39.58.

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

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 114,024 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $26.67, for a total value of $3,041,020.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 178,739 shares of company stock valued at $4,723,052 in the last 90 days. Insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently bought and sold shares of RVLV. Vanguard Group Inc. grew its position 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 worth $84,469,000 after acquiring an additional 98,413 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Revolve Group by 4.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 84,294 shares of the company’s stock worth $1,811,000 after purchasing an additional 3,638 shares during the last quarter. Aigen Investment Management LP acquired a new position in Revolve Group in the first quarter worth $373,000. Nuveen LLC bought a new stake in Revolve Group during the first quarter valued at $2,154,000. Finally, Fox Run Management L.L.C. raised its holdings in shares of Revolve Group by 107.6% during the first quarter. Fox Run Management L.L.C. now owns 22,845 shares of the company’s stock worth $491,000 after purchasing an additional 11,841 shares during the period. 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.