Robert W. Baird Forecasts Strong Price Appreciation for Revolve Group (NYSE:RVLV) Stock

Revolve Group (NYSE:RVLV) had its target price lifted by Robert W. Baird from $24.00 to $33.00 in a report published on Wednesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on RVLV. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $17.00 to $25.00 in a report on Wednesday. Piper Sandler reissued an “overweight” rating and set a $30.00 price objective on shares of Revolve Group in a report on Friday, August 23rd. Evercore ISI raised their price objective on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. UBS Group lifted their price target on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Revolve Group presently has a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Trading Down 4.5 %

Shares of RVLV opened at $31.47 on Wednesday. The company has a market cap of $2.22 billion, a PE ratio of 56.20, a price-to-earnings-growth ratio of 2.97 and a beta of 2.05. The stock has a 50-day moving average price of $25.04 and a 200-day moving average price of $21.27. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. Revolve Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS. As a group, analysts predict that Revolve Group will post 0.6 earnings per share for the current year.

Insider Activity at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Michael Mente sold 20,373 shares of Revolve Group stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $25.95, for a total transaction of $528,679.35. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The disclosure for this sale can be found here. Insiders have sold 436,571 shares of company stock worth $12,890,034 over the last ninety days. 46.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently added to or reduced their stakes in RVLV. Norden Group LLC boosted its holdings in Revolve Group by 38.3% in the first quarter. Norden Group LLC now owns 21,425 shares of the company’s stock worth $454,000 after acquiring an additional 5,929 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Revolve Group in the first quarter worth $1,432,000. US Bancorp DE boosted its holdings in Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after acquiring an additional 677 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Revolve Group in the first quarter worth $33,735,000. Finally, Seven Eight Capital LP bought a new stake in Revolve Group in the first quarter worth $438,000. 67.60% of the stock is owned by institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.