Revolve Group (RVLV) Gets a Hold Rating from Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger maintained a Hold rating on Revolve Group (RVLV) on May 3 and set a price target of $45.00. The company’s shares closed last Friday at $57.70.
According to TipRanks.com, Greenberger is a 4-star analyst with an average return of 9.3% and a 66.1% success rate. Greenberger covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Abercrombie Fitch, and Burlington Stores.
Revolve Group has an analyst consensus of Strong Buy, with a price target consensus of $56.14, a 5.3% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $46.00 price target.
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Based on Revolve Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $141 million and net profit of $18.96 million. In comparison, last year the company earned revenue of $148 million and had a net profit of $8.41 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RVLV in relation to earlier this year.
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Revolve Group, Inc. engages in the retail of next-generation fashion for millenial consumers. It operates through the following segments: Revolve and Forward. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands. The Forward segment provides luxury products. The company was founded by Michael Mente and Mike Karanikolas in 2003 and is headquartered in Cerritos, CA.