Opinions
Jim Cramer - Mad Money
Revolve Gr
RVLV-N
COMMENT
Aug 10, 2021
It's an online clothing retailer. Last Thursday they reported sales were up 60% YOY, and earnings doubled the street's expectations. However, they offered cautious, limited guidance, mentioning Covid, so the stock got hit with two downgrades and fell 15%. RVLV has enjoyed a bull run since vaccine news last fall. However, since last Thursday, shares have recovered by half. Could have room to run.
$66.270
Stock price when the opinion was issued
clothing
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BUY
Last night, they delivered a clean top and bottom line beat, 58% sales growth, expanding gross margins and strong operating metrics across the board. And yet today shares slid 15%, because management warned of tough comparisons coming up. But duh?! That's the reality of YOU comps. In Q1 2021, people were staying home to hide from the pandemic, so they weren't shopping for nice clothes. Q2 2021, people were getting vaxxed. Today's decline and this beat make this a buying opportunity.
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