Revolve Group (NYSE:RVLV) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Revolve Group (NYSE:RVLV) had its price target hoisted by equities research analysts at Robert W. Baird from $24.00 to $33.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 0.18% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $30.00 price target on shares of Revolve Group in a research note on Friday, August 23rd. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $17.00 to $25.00 in a report on Wednesday. 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 report on Thursday, October 17th. Morgan Stanley reissued an “equal weight” rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, Roth Mkm lifted their target price on shares of Revolve Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.19.

Revolve Group Stock Down 1.0 %

Shares of RVLV stock opened at $32.94 on Wednesday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 73.20, a PEG ratio of 2.43 and a beta of 2.05. The business’s fifty day moving average is $24.87 and its 200 day moving average is $21.18. Revolve Group has a twelve month low of $12.63 and a twelve month high of $33.82.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same period last year, the business earned $0.04 EPS. Revolve Group’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction dated 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 sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,921,360. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 344,946 shares of company stock valued at $10,075,314. 46.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds have recently bought and sold shares of the business. LMR Partners LLP bought a new stake in shares of Revolve Group in the 3rd quarter worth about $228,000. Thrivent Financial for Lutherans purchased a new stake in Revolve Group during the third quarter valued at approximately $1,509,000. Lisanti Capital Growth LLC purchased a new stake in Revolve Group during the third quarter valued at approximately $2,276,000. Los Angeles Capital Management LLC lifted its stake in shares of Revolve Group by 17.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after purchasing an additional 5,011 shares during the last quarter. Finally, BloombergSen Inc. boosted its holdings in shares of Revolve Group by 39.1% in the 3rd quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock worth $873,000 after purchasing an additional 9,904 shares during the period. Hedge funds and other institutional investors 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.