Revolve Group (NYSE:RVLV) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Revolve Group (NYSE:RVLV) from a buy rating to a hold rating in a report issued on Saturday morning.

Several other research firms also recently commented on RVLV. BTIG Research reiterated a “buy” rating and set a $35.00 price objective on shares of Revolve Group in a research note on Wednesday, May 6th. Piper Sandler cut their target price on Revolve Group from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley set a $27.00 target price on Revolve Group in a research note on Wednesday, May 6th. UBS Group lowered their price target on Revolve Group from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, KeyCorp lowered their price target on Revolve Group from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.33.

Revolve Group Stock Up 2.3%

Shares of Revolve Group stock opened at $24.98 on Friday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 28.07, a PEG ratio of 2.71 and a beta of 1.61. The company has a 50 day moving average price of $21.73 and a 200 day moving average price of $24.09. Revolve Group has a 52 week low of $17.35 and a 52 week high of $31.68.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, May 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $342.88 million during the quarter, compared to analysts’ expectations of $328.84 million. Revolve Group had a net margin of 5.05% and a return on equity of 12.17%. Revolve Group’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. As a group, research analysts anticipate that Revolve Group will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Revolve Group

In other news, CEO Michael Mente sold 15,640 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $26.00, for a total value of $406,640.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 119,241 shares of company stock valued at $3,141,400. 42.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RVLV. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Revolve Group in the 4th quarter valued at $59,421,000. Cooper Creek Partners Management LLC acquired a new stake in Revolve Group during the third quarter valued at $22,164,000. Balyasny Asset Management L.P. increased its holdings in Revolve Group by 830.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company’s stock valued at $20,248,000 after buying an additional 901,396 shares in the last quarter. Marshall Wace LLP increased its holdings in Revolve Group by 89.3% in the third quarter. Marshall Wace LLP now owns 1,031,294 shares of the company’s stock valued at $21,967,000 after buying an additional 486,616 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Revolve Group by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock valued at $129,795,000 after buying an additional 360,598 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Company Profile

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.