Revolve Group (NYSE:RVLV) Given Hold (C) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Revolve Group (NYSE:RVLV), indicating a more cautious stance on the stock amidst recent evaluations from multiple brokerages.
• After a solid quarterly performance, Revolve Group reported $0.14 earnings per share (EPS), surpassing analyst expectations, with revenues reaching $308.97 million, a 9.3% increase from the previous year.
• Currently, Revolve Group's stock has a Moderate Buy rating with an average price target of $27.40, reflecting a mixed outlook from analysts, with ten recommending buy, seven holding, and one selling.

Revolve Group (NYSE:RVLV - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently weighed in on RVLV. Zacks Research cut Revolve Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. UBS Group reiterated a "neutral" rating and set a $22.00 price target (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Roth Capital reiterated a "buy" rating and set a $24.00 price target (up from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. Morgan Stanley upped their price target on Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Piper Sandler upped their price target on Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.40.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $21.59 on Wednesday. Revolve Group has a 52-week low of $16.80 and a 52-week high of $39.58. The stock's 50-day simple moving average is $22.02 and its 200 day simple moving average is $21.12. The stock has a market capitalization of $1.54 billion, a P/E ratio of 34.82, a P/E/G ratio of 2.30 and a beta of 1.88.

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

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently bought and sold shares of RVLV. Millennium Management LLC boosted its stake in Revolve Group by 6,190.7% in the first quarter. Millennium Management LLC now owns 986,693 shares of the company's stock worth $21,204,000 after buying an additional 1,002,893 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Revolve Group by 830.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company's stock worth $20,248,000 after buying an additional 901,396 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Revolve Group by 80.2% in the second quarter. William Blair Investment Management LLC now owns 1,775,735 shares of the company's stock worth $35,603,000 after buying an additional 790,205 shares in the last quarter. Marshall Wace LLP boosted its stake in Revolve Group by 2,036.0% in the second quarter. Marshall Wace LLP now owns 544,678 shares of the company's stock worth $10,921,000 after buying an additional 519,178 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Revolve Group by 27.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company's stock worth $50,800,000 after buying an additional 506,225 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

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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