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

Revolve Group (NYSE:RVLV) was upgraded by equities researchers at Barclays from an “underweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a $25.00 price target on the stock, up from their prior price target of $17.00. Barclays‘s price objective would indicate a potential downside of 24.10% from the stock’s previous close.

Several other brokerages have also recently issued reports on RVLV. Robert W. Baird upped their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. BTIG Research raised their price objective on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. UBS Group lifted their target price 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 increased their price target 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, Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Stock Down 1.0 %

Revolve Group stock opened at $32.94 on Wednesday. Revolve Group has a 52-week low of $12.63 and a 52-week high of $33.82. The company has a market cap of $2.33 billion, a P/E ratio of 73.20, a P/E/G ratio of 2.43 and a beta of 2.05. The business has a 50-day simple moving average of $24.87 and a two-hundred day simple moving average of $21.18.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The business had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Research analysts anticipate that Revolve Group will post 0.56 EPS for the current fiscal year.

Insider Transactions at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Mente sold 20,373 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $25.95, for a total transaction of $528,679.35. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. 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 quarter, insiders sold 344,946 shares of company stock worth $10,075,314. Company insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RVLV. Norden Group LLC boosted its holdings in shares of Revolve Group by 38.3% in the 1st quarter. Norden Group LLC now owns 21,425 shares of the company’s stock valued at $454,000 after purchasing an additional 5,929 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Revolve Group in the 1st quarter worth $1,432,000. US Bancorp DE boosted its holdings in Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after acquiring an additional 677 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Revolve Group during the first quarter valued at about $33,735,000. Finally, Seven Eight Capital LP acquired a new stake in Revolve Group during the first quarter worth about $438,000. 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.