Revolve Group (NYSE:RVLV) Downgraded to "Hold" Rating by Zacks Research

Key Points

• Zacks Research has downgraded Revolve Group's stock rating from "strong-buy" to "hold," indicating a more cautious outlook.
• Despite the downgrade, Revolve Group has a consensus price target of $27.40 and is rated "Moderate Buy" by analysts.
• The company's stock has recently traded down by 5.5%, with shares opening at $21.08 on Monday after experiencing a 12-month range between $16.80 and $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. UBS Group reiterated a "neutral" rating and issued a $22.00 price target (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Weiss Ratings reiterated a "hold (c)" rating on shares of Revolve Group in a research report on Saturday, September 27th. 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 research report on Tuesday, July 22nd. Roth Capital restated a "buy" rating and set a $24.00 price objective (up from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. Finally, Morgan Stanley raised their price objective on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Revolve Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Trading Down 5.5%

Shares of RVLV stock opened at $21.08 on Monday. Revolve Group has a 12-month low of $16.80 and a 12-month high of $39.58. The firm's 50 day moving average is $22.00 and its 200 day moving average is $21.12. The stock has a market capitalization of $1.50 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.44 and a beta of 1.88.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.14 earnings per share (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 for the quarter, compared to analysts' expectations of $297.91 million. During the same quarter last year, the company posted $0.21 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts predict that Revolve Group will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently made changes to their positions in RVLV. GAMMA Investing LLC lifted its holdings in Revolve Group by 5,057.8% during the 1st quarter. GAMMA Investing LLC now owns 11,605 shares of the company's stock valued at $249,000 after buying an additional 11,380 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Revolve Group by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company's stock valued at $2,481,000 after buying an additional 3,827 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Revolve Group by 5.6% during the 1st quarter. Principal Financial Group Inc. now owns 102,440 shares of the company's stock valued at $2,201,000 after buying an additional 5,390 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Revolve Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company's stock valued at $84,469,000 after buying an additional 98,413 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Revolve Group by 3.4% during the 1st quarter. Rhumbline Advisers now owns 55,133 shares of the company's stock valued at $1,185,000 after buying an additional 1,788 shares in the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

About Revolve Group

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.

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