Revolve Group (NYSE:RVLV) Now Covered by DA Davidson

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.

Revolve Group (NYSE:RVLV) last issued its earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $154.20 million for the quarter, compared to the consensus estimate of $153.13 million. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, equities research analysts forecast that Revolve Group will post 0.55 earnings per share for the current fiscal year.

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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Analyst Recommendations for Revolve Group (NYSE:RVLV)

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