DA Davidson initiated coverage on shares of Revolve Group (NYSE:RVLV) in a research note issued to investors on Tuesday morning, Benzinga reports. The firm issued a neutral rating and a $19.00 price target on the stock. DA Davidson also issued estimates for Revolve Group’s Q4 2019 earnings at $0.11 EPS, FY2019 earnings at $0.56 EPS and FY2020 earnings at $0.65 EPS.
Other analysts have also recently issued research reports about the stock. Guggenheim reiterated a buy rating and set a $50.00 target price on shares of Revolve Group in a research report on Monday, November 4th. Morgan Stanley began coverage on shares of Revolve Group in a research report on Thursday, December 5th. They set a buy rating for the company. Robert W. Baird started coverage on shares of Revolve Group in a research report on Tuesday, November 12th. They issued an outperform rating and a $26.00 price objective for the company. Cowen restated a buy rating and set a $34.00 price objective on shares of Revolve Group in a research note on Monday, December 9th. Finally, Zacks Investment Research upgraded shares of Revolve Group from a hold rating to a buy rating and set a $22.00 price objective for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $34.36.
Shares of Revolve Group stock opened at $17.05 on Tuesday. The company’s fifty day simple moving average is $17.64. Revolve Group has a 52 week low of $14.35 and a 52 week high of $48.36.
In related news, COO David Pujades sold 25,823 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $18.00, for a total value of $464,814.00. Following the completion of the sale, the chief operating officer now directly owns 25,823 shares in the company, valued at approximately $464,814. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently modified their holdings of the stock. Eagle Asset Management Inc. lifted its stake in Revolve Group by 63.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,932,575 shares of the company’s stock valued at $45,164,000 after purchasing an additional 747,629 shares during the last quarter. Carillon Tower Advisers Inc. lifted its stake in Revolve Group by 71.6% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,368,517 shares of the company’s stock valued at $31,982,000 after purchasing an additional 570,798 shares during the last quarter. Vanguard Group Inc. acquired a new stake in Revolve Group in the 2nd quarter valued at about $30,597,000. BlackRock Inc. acquired a new stake in Revolve Group in the 2nd quarter valued at about $19,068,000. Finally, Bamco Inc. NY acquired a new stake in Revolve Group in the 2nd quarter valued at about $17,250,000. Institutional investors and hedge funds own 25.54% of the company’s stock.
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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