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

Revolve Group (NYSE:RVLV) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has a $25.00 target price on the stock, up from their prior target price of $17.00. Barclays‘s price objective suggests a potential downside of 3.96% from the stock’s current price.

RVLV has been the subject of a number of other reports. Wedbush reissued a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. Roth Mkm increased their price objective on Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group boosted their target price on Revolve Group from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird increased their price target on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Finally, Evercore ISI lifted their price objective on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.94.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $26.03 on Wednesday. Revolve Group has a 1 year low of $12.63 and a 1 year high of $26.72. The company has a market capitalization of $1.84 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 2.40 and a beta of 2.05. The business has a fifty day moving average price of $24.41 and a two-hundred day moving average price of $20.96.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period in the previous year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Sell-side analysts anticipate that Revolve Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael Mente sold 48,346 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,573 shares of company stock worth $3,260,634. Corporate insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

A number of large investors have recently added to or reduced their stakes in RVLV. Precision Wealth Strategies LLC raised its holdings in shares of Revolve Group by 3.3% during the 3rd quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock valued at $316,000 after buying an additional 407 shares in the last quarter. US Bancorp DE raised its stake in shares of Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after acquiring an additional 677 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Revolve Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Versor Investments LP grew its holdings in shares of Revolve Group by 9.0% during the 2nd quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after purchasing an additional 1,405 shares during the last quarter. Hedge funds and other institutional investors 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.