Zacks Investment Research Lowers Revolve Group (NYSE:RVLV) to Hold

Zacks Investment Research downgraded shares of Revolve Group (NYSE:RVLV) from a buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Revolve Group, Inc. is an e-commerce fashion company. It markets and sells men’s and women’s designer apparels, shoes and accessories. The company offers jackets, pants, shorts, skirts, sweaters, tops, shoes and jewelry products. Revolve Group, Inc. is based in CA, United States. “

A number of other research firms also recently weighed in on RVLV. BMO Capital Markets upped their price target on Revolve Group from $36.00 to $47.00 and gave the company a market perform rating in a research note on Thursday, November 4th. Guggenheim started coverage on Revolve Group in a report on Tuesday, November 23rd. They set a buy rating and a $100.00 price objective for the company. Credit Suisse Group raised their target price on shares of Revolve Group from $74.00 to $85.80 and gave the company an outperform rating in a research note on Thursday, November 4th. Robert W. Baird increased their price objective on shares of Revolve Group from $80.00 to $90.00 and gave the company an outperform rating in a report on Thursday, November 4th. Finally, Raymond James lifted their target price on shares of Revolve Group from $78.00 to $83.00 and gave the stock an outperform rating in a report on Thursday, November 4th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Buy and an average target price of $73.43.

Shares of NYSE RVLV opened at $46.57 on Wednesday. Revolve Group has a 1-year low of $31.38 and a 1-year high of $89.60. The company has a 50-day moving average of $66.70 and a two-hundred day moving average of $66.75. The company has a market cap of $3.39 billion, a PE ratio of 38.81, a P/E/G ratio of 1.84 and a beta of 2.32.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Wednesday, November 3rd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. Revolve Group had a net margin of 11.28% and a return on equity of 33.94%. The business had revenue of $244.06 million during the quarter, compared to analyst estimates of $217.18 million. During the same quarter last year, the business posted $0.27 earnings per share. As a group, research analysts expect that Revolve Group will post 1.13 earnings per share for the current year.

In other Revolve Group news, CFO Jesse Timmermans sold 15,870 shares of Revolve Group stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $80.88, for a total value of $1,283,565.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Mente sold 53,117 shares of the business’s stock in a transaction dated Wednesday, October 27th. The shares were sold at an average price of $70.59, for a total value of $3,749,529.03. The disclosure for this sale can be found here. Insiders sold a total of 626,652 shares of company stock valued at $48,203,564 over the last quarter. 51.12% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RVLV. Nisa Investment Advisors LLC acquired a new position in Revolve Group during the 2nd quarter worth approximately $34,000. Exchange Traded Concepts LLC acquired a new position in Revolve Group during the third quarter worth $40,000. O Shaughnessy Asset Management LLC grew its position in Revolve Group by 36.7% in the second quarter. O Shaughnessy Asset Management LLC now owns 678 shares of the company’s stock valued at $47,000 after purchasing an additional 182 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Revolve Group in the 2nd quarter valued at $80,000. Finally, Great West Life Assurance Co. Can lifted its position in Revolve Group by 68.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,822 shares of the company’s stock worth $125,000 after buying an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 52.24% of the company’s stock.

About Revolve Group

Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve, and Forward segments. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands.

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