Revolve Group (NYSE:RVLV) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Revolve Group (NYSE:RVLV) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Revolve Group, Inc. is an e-commerce fashion company. It markets and sells men’s and women’s designer apparels, shoes and accessories. The company offers jackets, pants, shorts, skirts, sweaters, tops, shoes and jewelry products. Revolve Group, Inc. is based in CA, United States. “

RVLV has been the subject of several other research reports. Credit Suisse Group lifted their price target on Revolve Group from $17.00 to $26.00 and gave the stock an outperform rating in a research report on Thursday, August 13th. TheStreet upgraded Revolve Group from a d+ rating to a c- rating in a research report on Wednesday, August 12th. Needham & Company LLC started coverage on Revolve Group in a research report on Wednesday, September 30th. They issued a hold rating for the company. Guggenheim lifted their price target on Revolve Group from $21.00 to $28.00 and gave the stock a buy rating in a research report on Thursday, August 13th. Finally, BMO Capital Markets lifted their price target on Revolve Group from $11.00 to $18.00 and gave the stock a market perform rating in a research report on Thursday, August 13th. Thirteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $20.83.

Shares of RVLV stock opened at $18.40 on Wednesday. Revolve Group has a 12-month low of $7.17 and a 12-month high of $24.41. The stock’s 50-day moving average price is $18.40 and its 200-day moving average price is $15.61. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.01 and a beta of 2.80.

Revolve Group (NYSE:RVLV) last issued its earnings results on Wednesday, August 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.18. Revolve Group had a return on equity of 26.98% and a net margin of 6.16%. The firm had revenue of $142.78 million for the quarter, compared to analysts’ expectations of $120.68 million. As a group, research analysts forecast that Revolve Group will post 0.51 EPS for the current fiscal year.

In related news, major shareholder L.P. Tsg6 sold 3,789,230 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $19.24, for a total value of $72,904,785.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Pujades sold 12,912 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $19.37, for a total value of $250,105.44. Following the completion of the sale, the chief operating officer now owns 12,912 shares of the company’s stock, valued at approximately $250,105.44. The disclosure for this sale can be found here. Insiders have sold 12,510,170 shares of company stock valued at $251,421,926 in the last 90 days. Company insiders own 58.74% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Revolve Group by 15.8% in the second quarter. Vanguard Group Inc. now owns 1,401,989 shares of the company’s stock valued at $20,833,000 after purchasing an additional 191,131 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Revolve Group by 710.1% in the first quarter. Wells Fargo & Company MN now owns 967,712 shares of the company’s stock valued at $8,361,000 after purchasing an additional 848,256 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Revolve Group in the second quarter valued at approximately $8,857,000. Principal Financial Group Inc. boosted its holdings in shares of Revolve Group by 39.9% in the second quarter. Principal Financial Group Inc. now owns 380,977 shares of the company’s stock valued at $5,661,000 after purchasing an additional 108,610 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Revolve Group by 64.4% in the second quarter. Point72 Asset Management L.P. now owns 268,429 shares of the company’s stock valued at $3,989,000 after purchasing an additional 105,200 shares during the period. Hedge funds and other institutional investors own 16.67% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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