Revolve Group (NYSE:RVLV) Rating Increased to Equal Weight at Barclays

Barclays upgraded shares of Revolve Group (NYSE:RVLV) from an underweight rating to an equal weight rating in a research report report published on Wednesday, MarketBeat.com reports. Barclays currently has $25.00 target price on the stock, up from their previous target price of $17.00.

A number of other research analysts have also commented on the stock. UBS Group raised their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird raised their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. BTIG Research raised their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, Evercore ISI raised their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.19.

Revolve Group Trading Down 4.5 %

RVLV opened at $31.47 on Wednesday. The business’s 50 day moving average is $25.04 and its 200-day moving average is $21.27. The stock has a market cap of $2.22 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 2.97 and a beta of 2.05. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, analysts forecast that Revolve Group will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,921,360. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 436,571 shares of company stock worth $12,890,034. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

A number of institutional investors have recently modified their holdings of RVLV. Intech Investment Management LLC acquired a new stake in shares of Revolve Group in the 3rd quarter valued at $241,000. LMR Partners LLP acquired a new stake in shares of Revolve Group in the 3rd quarter valued at $228,000. Thrivent Financial for Lutherans acquired a new stake in shares of Revolve Group in the 3rd quarter valued at $1,509,000. Lisanti Capital Growth LLC acquired a new stake in shares of Revolve Group in the 3rd quarter valued at $2,276,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Revolve Group by 17.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after purchasing an additional 5,011 shares during the last quarter. 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.