Revolve Group (NYSE:RVLV) Given New $28.00 Price Target at Morgan Stanley

Revolve Group (NYSE:RVLVGet Rating) had its target price reduced by analysts at Morgan Stanley from $51.00 to $28.00 in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 2.38% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. BTIG Research dropped their target price on Revolve Group from $50.00 to $31.00 in a research report on Thursday. Piper Sandler dropped their target price on Revolve Group from $42.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday. Cowen dropped their target price on Revolve Group from $52.00 to $32.00 in a research report on Thursday. Credit Suisse Group dropped their target price on Revolve Group from $74.00 to $58.00 in a research report on Wednesday, May 4th. Finally, KeyCorp initiated coverage on Revolve Group in a research report on Wednesday, July 20th. They set an “overweight” rating and a $36.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Revolve Group Trading Up 2.5 %

Shares of RVLV opened at $27.35 on Thursday. The stock has a fifty day moving average price of $28.74 and a two-hundred day moving average price of $40.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 2.39. Revolve Group has a 52-week low of $24.10 and a 52-week high of $89.60. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.99 and a beta of 2.19.

Revolve Group (NYSE:RVLVGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. Revolve Group had a return on equity of 27.07% and a net margin of 8.03%. The firm had revenue of $283.50 million during the quarter, compared to the consensus estimate of $256.78 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 58.5% compared to the same quarter last year. Analysts predict that Revolve Group will post 1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RVLV. Marshall Wace LLP boosted its position in shares of Revolve Group by 258.8% during the fourth quarter. Marshall Wace LLP now owns 1,330,838 shares of the company’s stock worth $74,578,000 after buying an additional 959,875 shares during the period. Fisher Asset Management LLC boosted its position in shares of Revolve Group by 1,016.7% during the fourth quarter. Fisher Asset Management LLC now owns 891,657 shares of the company’s stock worth $49,968,000 after buying an additional 811,812 shares during the period. William Blair Investment Management LLC boosted its position in shares of Revolve Group by 14.0% during the first quarter. William Blair Investment Management LLC now owns 4,267,736 shares of the company’s stock worth $229,135,000 after buying an additional 522,770 shares during the period. Congress Asset Management Co. MA acquired a new position in shares of Revolve Group during the second quarter worth about $10,502,000. Finally, Ardmore Road Asset Management LP acquired a new position in shares of Revolve Group during the fourth quarter worth about $21,575,000. 54.50% of the stock is owned by institutional investors and hedge funds.

Revolve Group Company Profile

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Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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