Morgan Stanley Issues Positive Forecast for Revolve Group (NYSE:RVLV) Stock Price

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 lifted by Morgan Stanley from $22.00 to $24.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 23.36% from the stock's previous close.

A number of other research firms have also issued reports on RVLV. Piper Sandler decreased their price objective on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Raymond James Financial increased their price target on shares of Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research note on Wednesday, May 7th. Roth Capital reiterated a "buy" rating and issued a $24.00 target price (up from $19.00) on shares of Revolve Group in a research note on Tuesday. Finally, Robert W. Baird boosted their price target on shares of Revolve Group from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.40.

Revolve Group Stock Performance

NYSE RVLV traded down $0.28 during trading on Wednesday, hitting $19.46. 449,687 shares of the company's stock traded hands, compared to its average volume of 1,413,442. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.64 and a beta of 1.98. Revolve Group has a 12-month low of $16.80 and a 12-month high of $39.58. The business has a 50 day moving average of $21.05 and a 200-day moving average of $22.81.

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

Institutional Investors Weigh In On Revolve Group

A number of institutional investors have recently made changes to their positions in RVLV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Revolve Group by 3.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock worth $730,000 after purchasing an additional 668 shares during the last quarter. CWM LLC grew its position in shares of Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after buying an additional 836 shares during the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Revolve Group by 8.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,678 shares of the company's stock valued at $294,000 after acquiring an additional 1,051 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Revolve Group during the first quarter valued at about $25,000. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in Revolve Group by 15.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 9,156 shares of the company's stock worth $184,000 after buying an additional 1,231 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.