Revolve Group (NYSE:RVLV) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Revolve Group (NYSE:RVLV) from a hold rating to a strong sell rating in a research report released on Wednesday,Zacks reports.

RVLV has been the topic of several other reports. Morgan Stanley set a $25.00 target price on shares of Revolve Group in a research report on Wednesday. BTIG Research restated a “buy” rating and issued a $35.00 price target on shares of Revolve Group in a research report on Wednesday, October 28th. UBS Group dropped their price target on shares of Revolve Group from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings upgraded shares of Revolve Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Finally, Stifel Nicolaus set a $31.00 price objective on shares of Revolve Group in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Revolve Group Price Performance

RVLV stock traded down $0.44 during midday trading on Wednesday, reaching $18.60. 1,076,856 shares of the stock were exchanged, compared to its average volume of 700,302. The stock has a market capitalization of $1.32 billion, a PE ratio of 20.21, a P/E/G ratio of 2.78 and a beta of 1.62. Revolve Group has a 52 week low of $17.35 and a 52 week high of $31.68. The company has a fifty day moving average price of $21.44 and a 200 day moving average price of $23.13.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 3rd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Revolve Group had a net margin of 5.54% and a return on equity of 13.38%. The firm had revenue of $355.96 million during the quarter, compared to the consensus estimate of $345.49 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Revolve Group’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that Revolve Group will post 0.70 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC grew its stake in Revolve Group by 842.6% during the third quarter. Sterling Capital Management LLC now owns 1,395 shares of the company’s stock worth $30,000 after purchasing an additional 1,247 shares during the period. Allworth Financial LP boosted its holdings in shares of Revolve Group by 76.4% during the 3rd quarter. Allworth Financial LP now owns 1,452 shares of the company’s stock worth $33,000 after buying an additional 629 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Revolve Group during the 2nd quarter worth approximately $46,000. Elevation Point Wealth Partners LLC bought a new position in shares of Revolve Group during the 1st quarter worth approximately $218,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Revolve Group during the 2nd quarter worth approximately $259,000. Institutional investors own 67.60% of the company’s stock.

About Revolve Group

Revolve Group, Inc operates a digital commerce platform focused on fashion and lifestyle products. Through its REVOLVE and FWRD platforms, the company offers women’s and men’s apparel, footwear, accessories, beauty products and other lifestyle merchandise from established and emerging brands. Its portfolio also includes proprietary and exclusive brands, including superdown and Song of Style.

The company primarily reaches customers through its e-commerce websites and mobile experiences, supported by influencer marketing, social media, content creation and data-driven merchandising.