Revolve Group (NYSE:RVLV) had its price objective cut by equities research analysts at B. Riley from $21.00 to $13.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 44.12% from the stock’s previous close.

RVLV has been the topic of several other research reports. Bank of America cut their price target on shares of Revolve Group from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Guggenheim decreased their price target on shares of Revolve Group from $30.00 to $21.00 and set a “positive” rating for the company in a research report on Wednesday, February 26th. Credit Suisse Group decreased their price target on shares of Revolve Group from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Cowen reissued a “buy” rating and set a $34.00 price target on shares of Revolve Group in a research report on Monday, December 9th. Finally, Jefferies Financial Group downgraded shares of Revolve Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $9.00 in a research report on Thursday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.43.

RVLV stock traded up $0.04 during midday trading on Thursday, hitting $9.02. 12,600 shares of the stock traded hands, compared to its average volume of 1,408,229. The firm has a market cap of $622.76 million and a P/E ratio of 14.82. The stock’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $18.51. Revolve Group has a 1-year low of $7.17 and a 1-year high of $48.36.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, February 25th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $147.56 million during the quarter, compared to analyst estimates of $152.64 million. Sell-side analysts anticipate that Revolve Group will post 0.51 EPS for the current year.

In other Revolve Group news, COO David Pujades sold 38,077 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $20.70, for a total value of $788,193.90. Following the sale, the chief operating officer now directly owns 38,077 shares in the company, valued at $788,193.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Michael Karanikolas purchased 123,000 shares of the stock in a transaction on Monday, March 9th. The stock was bought at an average price of $12.40 per share, for a total transaction of $1,525,200.00. Over the last 90 days, insiders sold 87,013 shares of company stock valued at $1,737,394.

Large investors have recently made changes to their positions in the business. SCP Investment LP acquired a new stake in shares of Revolve Group during the fourth quarter worth about $13,219,000. FMR LLC raised its holdings in Revolve Group by 88.2% in the 4th quarter. FMR LLC now owns 1,170,638 shares of the company’s stock valued at $21,493,000 after acquiring an additional 548,726 shares in the last quarter. Franklin Resources Inc. raised its holdings in Revolve Group by 82.0% in the 4th quarter. Franklin Resources Inc. now owns 1,167,300 shares of the company’s stock valued at $21,431,000 after acquiring an additional 526,100 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new position in Revolve Group in the 4th quarter valued at $5,711,000. Finally, Penserra Capital Management LLC acquired a new position in Revolve Group in the 4th quarter valued at $5,284,000. Hedge funds and other institutional investors own 21.98% of the company’s stock.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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