Revolve Group (NYSE:RVLV) Given New $33.00 Price Target at Robert W. Baird

Revolve Group (NYSE:RVLV) had its target price upped by Robert W. Baird from $24.00 to $33.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also commented on RVLV. Piper Sandler restated an “overweight” rating and issued a $30.00 price target on shares of Revolve Group in a report on Friday, August 23rd. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $17.00 to $25.00 in a report on Wednesday. Roth Mkm upped their target price on Revolve Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wedbush reiterated a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Finally, BTIG Research upped their target price on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Revolve Group has a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Price Performance

Shares of Revolve Group stock opened at $31.47 on Wednesday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 2.97 and a beta of 2.05. The stock’s 50-day moving average is $25.04 and its 200-day moving average is $21.26. Revolve Group has a one year low of $12.63 and a one year high of $33.82.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS 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 analyst estimates of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 earnings per share. On average, equities analysts expect that Revolve Group will post 0.6 EPS for the current year.

Insider Activity

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Jesse Timmermans sold 91,625 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the sale, the chief financial officer now owns 3,054 shares of the company’s stock, valued at $93,818.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $168,298.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 436,571 shares of company stock worth $12,890,034. Insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently modified their holdings of RVLV. Farther Finance Advisors LLC boosted its holdings in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after buying an additional 1,940 shares during the period. Quarry LP acquired a new position in Revolve Group during the 2nd quarter worth about $68,000. American Century Companies Inc. acquired a new position in Revolve Group during the 2nd quarter worth about $165,000. Finally, nVerses Capital LLC acquired a new position in Revolve Group during the 3rd quarter worth about $171,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

About Revolve Group

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.