Revolve Group (NYSE:RVLV) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Revolve Group (NYSE:RVLV) from a buy rating to a hold rating in a research report sent 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. “

A number of other research analysts have also issued reports on RVLV. Morgan Stanley dropped their price objective on shares of Revolve Group from $72.00 to $57.00 and set an equal weight rating for the company in a report on Monday, December 27th. Raymond James raised their price target on shares of Revolve Group from $78.00 to $83.00 and gave the company an outperform rating in a research note on Thursday, November 4th. Robert W. Baird lifted their price target on shares of Revolve Group from $80.00 to $90.00 and gave the stock an outperform rating in a report on Thursday, November 4th. Guggenheim started coverage on Revolve Group in a report on Tuesday, November 23rd. They issued a buy rating and a $100.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on Revolve Group from $36.00 to $47.00 and gave the stock a market perform rating in a report on Thursday, November 4th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $73.43.

Shares of NYSE:RVLV opened at $46.57 on Wednesday. Revolve Group has a 52-week low of $31.38 and a 52-week high of $89.60. The company has a market capitalization of $3.39 billion, a PE ratio of 38.81, a price-to-earnings-growth ratio of 1.84 and a beta of 2.32. The company has a fifty day moving average of $66.70 and a 200-day moving average of $66.75.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Wednesday, November 3rd. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The business had revenue of $244.06 million for the quarter, compared to analyst estimates of $217.18 million. Revolve Group had a return on equity of 33.94% and a net margin of 11.28%. During the same quarter in the previous year, the company posted $0.27 EPS. Sell-side analysts expect that Revolve Group will post 1.13 earnings per share for the current fiscal year.

In related news, Director Marc D. Stolzman sold 3,205 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $83.22, for a total transaction of $266,720.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Mente sold 38,527 shares of the firm’s stock in a transaction that occurred on Monday, October 25th. The shares were sold at an average price of $73.04, for a total value of $2,814,012.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 626,652 shares of company stock valued at $48,203,564. Insiders own 51.12% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in RVLV. Exchange Traded Concepts LLC grew its holdings in shares of Revolve Group by 51.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 977 shares of the company’s stock valued at $55,000 after buying an additional 330 shares during the last quarter. Mountain Capital Investment Advisors Inc boosted its stake in Revolve Group by 10.9% during the 4th quarter. Mountain Capital Investment Advisors Inc now owns 19,841 shares of the company’s stock valued at $1,104,000 after purchasing an additional 1,950 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in Revolve Group by 2.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 63,324 shares of the company’s stock worth $3,911,000 after purchasing an additional 1,715 shares in the last quarter. Jefferies Group LLC purchased a new stake in shares of Revolve Group in the third quarter worth approximately $431,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Revolve Group in the third quarter valued at approximately $9,614,000. 52.24% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve, and Forward segments. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands.

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