|Bid||15.40 x 1400|
|Ask||15.46 x 800|
|Day's Range||15.37 - 16.30|
|52 Week Range||15.12 - 48.36|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||35.38|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
While Rachel Zoe has been able to successfully leverage her name into a handful of businesses, she isn’t so optimistic about the fashion industry at large.
Shares of e-commerce retailer Revolve Group Inc. fell 6% in Friday trading after the company's earnings announcement raised concerns about growth in its owned brands. Revolve has 24 brands. "I should mention that the expansion of owned brands as a percentage of Revolve segment net sales has slowed in the past couple of quarters compared to the very fast expansion through the first quarter of 2019," said Michael Karanikolas, Revolve's chief executive, on the earnings call, according to a FactSet transcript. He also said that the company's inventory levels are "higher than we would like." Cowen analysts led by Oliver Chen point out the margin pressure the company is under. "These pressures are somewhat self-induced, rather than a reflection of the environment, as Revolve strategically made heavy investments in owned-brand inventory ahead of launching new low-priced and owned brands over the past several quarters," analysts wrote. Cowen rates Revolve stock outperform, but cut its price target to $34 from $40. Revolve's owned brands are seen as a differentiator that boosts its millennial and Gen Z appeal. Revolve stock has plunged nearly 43% over the past three months while the S&P 500 index is up 4.8%.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]
During the Lightning Round of Thursday night's "Mad Money" program, a caller asked Jim Cramer about Revolve Group . Revolve has not been trading for long, but we have good price history to work with on Etsy, the Brooklyn, N.Y., online marketplace for craft supplies and vintage goods. In the daily bar chart of Etsy below, we see that prices rallied from last October to early March.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he doesn't like the airlines right now. It's not the right place to be. He would take a look at Delta Air Lines, Inc. (NYSE: DAL ) when ...
Revolve Group has shed nearly a quarter of its value in August, a sharp contrast to a stock that nearly doubled when it went public in June.
(Bloomberg) -- Shares in three of the year’s hottest IPOs, Uber Technologies Inc., Revolve Group Inc. and Fastly Inc., plunged Friday as the latest batch of newly listed companies reported some of the most disappointing results this earnings season.Uber shares ended Friday 6.8% lower after the ride-hailing company missed sales estimates. Revolve fell 15.6% after the fashion e-tailer reported earnings below expectations. And Fastly, which saw its shares dip below its IPO price intraday, declined 18.1% after reporting lighter than expected margins.The disappointment spread to other IPOs that have not even reported yet, with RealReal Inc. shares tumbling 23% to below its IPO price of $20.Call it an upset, given the hype that tends to follow IPOs. Among the nearly 20 freshly listed companies that reported earnings this week, the majority fell in the next session. IPOs are rising 0.2% on average following reports, lagging behind S&P 500 stocks, which climbed 5.3% on average, according to data compiled by Bloomberg.Other newcomers on deck to report earnings include Adaptive Biotechnologies Corp., Greenlane Holdings Inc., RealReal Inc., and Grocery Outlet Holding Inc. They are among the more well-received IPOs of this year with stocks that opened at least 40% above their offer prices. All are first-time reporters.Cross-border IPOs will be tested as well when China’s big brands So-Young International Inc. and Luckin Coffee Inc. do their show-and-tell.(Updates shares in 1st and 2nd paragraphs, adds RealReal shares in 3rd.)\--With assistance from Drew Singer.To contact the reporter on this story: Crystal Kim in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Jennifer Bissell-Linsk, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
IPO stocks have been running hot in 2019 and are targets for investors seeking to outperform the market. Uber stock, Chewy stock and Beyond Meat stock are near buys.
Revolve Group, a profitable online fashion retailer, is IBD Stock Of The Day. Revolve, which went public in June, is setting up in an IPO base.
Bank of America Merrill Lynch has initiated coverage on the newly public Revolve Group LLC (NYSE: RVLV ) The Analyst Justin Post initiated coverage of Revolve with a Neutral rating and $36 price target. ...
New IPO Revolve Group has formed a short IPO base with a potential entry of 48.46. Revolve came public in late June at 18 a share, but shot up 69% in its debut. Revolve is an online retailer aimed at millennials and Gen Z. It claims its algorithms let it spot fashion trends. For investors, Revolve has solid sales growth and is already profitable.