Revolve Group (NYSE:RVLV) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Revolve Group (NYSE:RVLV) in a report released on Monday, Benzinga reports. They currently have a $26.00 price target on the stock, up from their previous price target of $17.00.

A number of other equities analysts have also commented on RVLV. Piper Sandler reissued an “overweight” rating and issued a $30.00 price target on shares of Revolve Group in a report on Friday, August 23rd. TD Cowen raised their price target on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, August 26th. UBS Group upped their price objective on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Evercore ISI raised their price objective on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Finally, Barclays boosted their target price on Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Revolve Group currently has an average rating of “Hold” and a consensus price target of $22.06.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $26.20 on Monday. The firm has a fifty day moving average price of $23.98 and a two-hundred day moving average price of $20.50. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 58.22, a PEG ratio of 2.57 and a beta of 2.05. Revolve Group has a one year low of $12.42 and a one year high of $26.72.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Equities research analysts expect that Revolve Group will post 0.55 EPS for the current fiscal year.

Insider Transactions at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total transaction of $870,886.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total transaction of $870,886.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Mente sold 48,346 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $1,921,360. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,573 shares of company stock worth $3,260,634. Company insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RVLV. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Revolve Group during the first quarter valued at approximately $45,000. Quarry LP bought a new stake in shares of Revolve Group during the 2nd quarter valued at $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group in the 2nd quarter worth about $165,000. nVerses Capital LLC bought a new position in shares of Revolve Group in the 3rd quarter worth about $171,000. Finally, Pier 88 Investment Partners LLC purchased a new position in Revolve Group during the 2nd quarter valued at about $182,000. Hedge funds and other institutional investors 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.