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

Revolve Group (NYSE:RVLV - Get Free Report) had its price target hoisted by research analysts at Robert W. Baird from $24.00 to $33.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 1.76% from the stock's previous close.

Other research analysts have also issued reports about the company. TD Cowen upped their price objective on Revolve Group from $25.00 to $28.00 and gave the company a "buy" rating in a report on Monday, August 26th. Barclays upgraded Revolve Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $17.00 to $25.00 in a research note on Wednesday. Morgan Stanley reissued an "equal weight" rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Piper Sandler reaffirmed an "overweight" rating and set a $30.00 price target on shares of Revolve Group in a report on Friday, August 23rd. Finally, BTIG Research increased their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, August 16th. 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 company. Based on data from MarketBeat.com, Revolve Group currently has an average rating of "Hold" and an average target price of $26.19.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded up $6.41 during midday trading on Wednesday, reaching $32.43. 3,029,156 shares of the company's stock were exchanged, compared to its average volume of 1,006,323. The firm has a market capitalization of $2.29 billion, a PE ratio of 72.04, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. The company's 50 day simple moving average is $24.47 and its two-hundred day simple moving average is $21.01. Revolve Group has a 12 month low of $12.63 and a 12 month high of $33.71.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the firm earned $0.04 EPS. Revolve Group's quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Revolve Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Revolve Group news, CEO Michael Mente sold 48,346 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were 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. In the last quarter, insiders have sold 124,573 shares of company stock worth $3,260,634. Insiders own 46.56% of the company's stock.

Institutional Trading of Revolve Group

Several hedge funds have recently bought and sold shares of the business. Comerica Bank grew its holdings in shares of Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company's stock valued at $3,808,000 after buying an additional 178,475 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Revolve Group in the first quarter valued at approximately $1,432,000. Silvercrest Asset Management Group LLC boosted its position in shares of Revolve Group by 55.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock valued at $7,973,000 after buying an additional 134,775 shares during the last quarter. XTX Topco Ltd grew its holdings in Revolve Group by 148.4% during the second quarter. XTX Topco Ltd now owns 39,586 shares of the company's stock worth $630,000 after buying an additional 23,652 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Revolve Group by 410.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 73,336 shares of the company's stock valued at $1,167,000 after buying an additional 58,979 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company's stock.

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.