Revolve Group (NYSE:RVLV) Stock Rating Reaffirmed by Morgan Stanley

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

Several other brokerages also recently issued reports on RVLV. UBS Group raised their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays upped their price objective on Revolve Group from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Wednesday, October 2nd. Robert W. Baird increased their price objective on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Evercore ISI upped their price target on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.06.

Revolve Group Stock Performance

Revolve Group stock opened at $24.75 on Monday. The company has a market capitalization of $1.75 billion, a P/E ratio of 55.00, a PEG ratio of 2.47 and a beta of 2.05. Revolve Group has a fifty-two week low of $12.42 and a fifty-two week high of $26.72. The stock has a 50-day simple moving average of $24.21 and a 200-day simple moving average of $20.65.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. As a group, analysts forecast that Revolve Group will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $26.26, for a total value of $870,886.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Mmmk Development, Inc. sold 33,164 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total value of $870,886.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Mente sold 48,346 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $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 have sold 124,573 shares of company stock worth $3,260,634. 46.56% of the stock is owned by corporate insiders.

Institutional Trading of Revolve Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in Revolve Group during the 1st quarter worth about $45,000. Quarry LP acquired a new position in shares of Revolve Group in the second quarter valued at approximately $68,000. nVerses Capital LLC purchased a new position in shares of Revolve Group during the third quarter valued at approximately $171,000. American Century Companies Inc. acquired a new stake in Revolve Group during the second quarter worth approximately $165,000. Finally, Pier 88 Investment Partners LLC purchased a new stake in Revolve Group in the 2nd quarter worth approximately $182,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.