Morgan Stanley Increases Revolve Group (NYSE:RVLV) Price Target to $24.00

Key Points

• Morgan Stanley has raised its price target for Revolve Group (NYSE:RVLV) from $22.00 to $24.00, indicating a potential upside of 27.06% from the current stock price.
• Revolve Group reported a net margin of 4.37% and a revenue of $308.97 million for the last quarter, exceeding analysts' expectations.
• The stock has received mixed ratings from analysts, with one sell rating, six hold ratings, and ten buy ratings, resulting in an average rating of "Moderate Buy."

Revolve Group (NYSE:RVLV - Get Free Report) had its price objective boosted by research analysts at Morgan Stanley from $22.00 to $24.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 22.39% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. Roth Capital restated a "buy" rating and issued a $24.00 target price (up previously from $19.00) on shares of Revolve Group in a report on Tuesday, August 5th. Robert W. Baird raised their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. UBS Group reaffirmed a "neutral" rating and set a $22.00 target price (up previously from $19.00) on shares of Revolve Group in a research note on Friday, July 25th. Raymond James Financial increased their price target on Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Piper Sandler dropped their price objective on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Stock Performance

NYSE:RVLV traded down $0.12 during trading hours on Wednesday, reaching $19.61. The stock had a trading volume of 1,466,231 shares, compared to its average volume of 1,396,000. The company has a 50 day moving average price of $21.03 and a two-hundred day moving average price of $22.61. Revolve Group has a 52 week low of $16.80 and a 52 week high of $39.58. The stock has a market capitalization of $1.40 billion, a PE ratio of 31.63, a PEG ratio of 2.15 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $308.97 million for the quarter, compared to the consensus estimate of $297.91 million. Revolve Group had a net margin of 3.83% and a return on equity of 10.17%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. Equities research analysts predict that Revolve Group will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Revolve Group in the 4th quarter worth $333,000. American Century Companies Inc. boosted its holdings in Revolve Group by 56.9% in the fourth quarter. American Century Companies Inc. now owns 16,271 shares of the company's stock worth $545,000 after acquiring an additional 5,904 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Revolve Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company's stock worth $128,341,000 after acquiring an additional 65,602 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Revolve Group by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 28,571 shares of the company's stock worth $957,000 after acquiring an additional 1,376 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Revolve Group by 96.9% during the fourth quarter. Trexquant Investment LP now owns 61,723 shares of the company's stock valued at $2,067,000 after acquiring an additional 30,370 shares in 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.