RVLV

Morgan Stanley Initiates Coverage of Revolve Group (RVLV) with Equal-Weight Recommendation

Fintel reports that on February 28, 2024, Morgan Stanley initiated coverage of Revolve Group (NYSE:RVLV) with a Equal-Weight recommendation.

Analyst Price Forecast Suggests 24.01% Downside

As of February 24, 2024, the average one-year price target for Revolve Group is 16.22. The forecasts range from a low of 10.60 to a high of $22.05. The average price target represents a decrease of 24.01% from its latest reported closing price of 21.35.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Revolve Group is 1,402MM, an increase of 31.19%. The projected annual non-GAAP EPS is 1.25.

What is the Fund Sentiment?

There are 404 funds or institutions reporting positions in Revolve Group. This is a decrease of 12 owner(s) or 2.88% in the last quarter. Average portfolio weight of all funds dedicated to RVLV is 0.12%, an increase of 9.33%. Total shares owned by institutions decreased in the last three months by 3.12% to 57,286K shares. RVLV / Revolve Group, Inc. Put/Call Ratios The put/call ratio of RVLV is 2.00, indicating a bearish outlook.

What are Other Shareholders Doing?

RVLV / Revolve Group, Inc. Shares Held by Institutions

Kayne Anderson Rudnick Investment Management holds 6,852K shares representing 9.50% ownership of the company. In it's prior filing, the firm reported owning 7,466K shares, representing a decrease of 8.97%. The firm decreased its portfolio allocation in RVLV by 1.92% over the last quarter.

William Blair Investment Management holds 5,315K shares representing 7.37% ownership of the company. In it's prior filing, the firm reported owning 5,488K shares, representing a decrease of 3.25%. The firm increased its portfolio allocation in RVLV by 3.32% over the last quarter.

PSGAX - Virtus KAR Small-Cap Growth Fund holds 4,096K shares representing 5.68% ownership of the company. In it's prior filing, the firm reported owning 4,711K shares, representing a decrease of 15.02%. The firm increased its portfolio allocation in RVLV by 5.71% over the last quarter.

FDGRX - Fidelity Growth Company Fund holds 1,799K shares representing 2.49% ownership of the company. In it's prior filing, the firm reported owning 1,871K shares, representing a decrease of 3.99%. The firm decreased its portfolio allocation in RVLV by 13.35% over the last quarter.

Turtle Creek Asset Management holds 1,348K shares representing 1.87% ownership of the company. In it's prior filing, the firm reported owning 1,723K shares, representing a decrease of 27.77%. The firm decreased its portfolio allocation in RVLV by 11.85% over the last quarter.

Revolve Group Background Information
(This description is provided by the company.)

Revolve Group, Inc. (RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers. As a trusted, premium lifestyle brand, and a go-to online source for discovery and inspiration, we deliver an engaging customer experience from a vast yet curated offering of apparel, footwear, accessories and beauty styles. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers, and hundreds of emerging, established and owned brands. We were founded in 2003 by our co-CEOs, Michael Mente and Mike Karanikolas. We sell merchandise through two differentiated segments, REVOLVE and FORWARD, that leverage one platform. Through REVOLVE we offer a highly curated assortment of premium apparel and footwear, accessories and beauty products from emerging, established and owned brands. Through FORWARD we offer an assortment of iconic and emerging luxury brands.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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