Morgan Stanley Begins Coverage on Revolve Group (NYSE:RVLV)

Morgan Stanley assumed coverage on shares of Revolve Group (NYSE:RVLV) in a research report released on Thursday morning, TipRanks reports. The firm issued a buy rating on the stock.

A number of other equities research analysts also recently commented on RVLV. Raymond James lowered their price target on shares of Revolve Group from $40.00 to $30.00 and set an outperform rating for the company in a report on Friday, November 8th. They noted that the move was a valuation call. Jefferies Financial Group boosted their price objective on shares of Revolve Group from $60.00 to $65.00 and gave the company a buy rating in a research report on Friday, August 9th. Bank of America reissued a neutral rating and set a $33.00 price objective (down previously from $36.00) on shares of Revolve Group in a research note on Friday, August 9th. Zacks Investment Research upgraded shares of Revolve Group from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Thursday, November 7th. Finally, Robert W. Baird started coverage on shares of Revolve Group in a research note on Tuesday, November 12th. They issued an outperform rating and a $26.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $36.70.

RVLV opened at $16.74 on Thursday. The firm’s fifty day moving average is $18.29. Revolve Group has a 52 week low of $14.35 and a 52 week high of $48.36.

Revolve Group (NYSE:RVLV) last announced its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $154.20 million during the quarter, compared to analyst estimates of $153.13 million. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Research analysts expect that Revolve Group will post 0.55 EPS for the current year.

Large investors have recently modified their holdings of the business. CenterStar Asset Management LLC purchased a new stake in Revolve Group in the 2nd quarter valued at about $56,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Revolve Group by 346.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,680 shares of the company’s stock worth $62,000 after acquiring an additional 2,080 shares during the period. First Mercantile Trust Co. purchased a new position in shares of Revolve Group during the 3rd quarter worth about $115,000. Gs Investments Inc. acquired a new stake in shares of Revolve Group in the second quarter worth approximately $178,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Revolve Group by 2,354.9% in the third quarter. Tower Research Capital LLC TRC now owns 8,273 shares of the company’s stock worth $193,000 after acquiring an additional 7,936 shares during the last quarter. 25.54% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

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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