Revolve Group (NYSE:RVLV) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Revolve Group (NYSE:RVLV) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

Several other research analysts also recently commented on RVLV. Robert W. Baird set a $29.00 price objective on shares of Revolve Group in a report on Wednesday, December 17th. Jefferies Financial Group reissued a “buy” rating and issued a $34.00 price target on shares of Revolve Group in a report on Thursday, December 18th. Stifel Nicolaus upped their target price on Revolve Group from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Evercore reaffirmed a “mixed” rating on shares of Revolve Group in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and an average price target of $29.50.

Revolve Group Stock Down 4.6%

Shares of NYSE:RVLV opened at $25.10 on Thursday. The business has a fifty day simple moving average of $28.33 and a 200 day simple moving average of $24.93. Revolve Group has a 12-month low of $16.80 and a 12-month high of $31.68. The firm has a market cap of $1.79 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.51 and a beta of 1.79.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The business had revenue of $324.37 million for the quarter, compared to the consensus estimate of $305.83 million. Revolve Group had a net margin of 5.03% and a return on equity of 12.39%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. As a group, equities research analysts expect that Revolve Group will post 0.6 EPS for the current year.

Insider Buying and Selling at Revolve Group

In related news, CEO Michael Mente sold 114,024 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $26.67, for a total value of $3,041,020.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 780,928 shares of company stock worth $22,565,084. Company insiders own 43.82% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently bought and sold shares of RVLV. Allspring Global Investments Holdings LLC increased its position in Revolve Group by 4.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 628,552 shares of the company’s stock valued at $13,388,000 after purchasing an additional 28,428 shares during the period. Creative Planning increased its stake in shares of Revolve Group by 10.8% in the 2nd quarter. Creative Planning now owns 155,019 shares of the company’s stock worth $3,108,000 after acquiring an additional 15,104 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Revolve Group by 5.9% in the 2nd quarter. Geode Capital Management LLC now owns 935,784 shares of the company’s stock worth $18,764,000 after acquiring an additional 52,049 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Revolve Group by 20.3% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 293,725 shares of the company’s stock valued at $5,889,000 after acquiring an additional 49,618 shares during the period. Finally, Federated Hermes Inc. boosted its stake in Revolve Group by 41.9% during the second quarter. Federated Hermes Inc. now owns 347,664 shares of the company’s stock worth $6,971,000 after acquiring an additional 102,573 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

About Revolve Group

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.