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

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

Several other equities analysts also recently issued reports on RVLV. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a research note on Friday, August 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Wedbush reissued a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $17.00 to $25.00 in a research note on Wednesday. Finally, Roth Mkm lifted their price target on Revolve Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Revolve Group presently has an average rating of “Hold” and a consensus target price of $26.19.

Revolve Group Stock Performance

Shares of NYSE RVLV traded down $0.34 during mid-day trading on Wednesday, reaching $32.94. The company had a trading volume of 157,638 shares, compared to its average volume of 1,007,090. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 73.91, a PEG ratio of 2.43 and a beta of 2.05. Revolve Group has a 12-month low of $12.63 and a 12-month high of $33.82. The stock has a fifty day moving average of $24.67 and a two-hundred day moving average of $21.09.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the previous year, the company posted $0.04 EPS. Revolve Group’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that Revolve Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s 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 Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael Mente sold 48,346 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $1,921,360. This trade 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 the SEC website. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was 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. In the last three months, insiders sold 344,946 shares of company stock valued at $10,075,314. Corporate insiders own 46.56% of the company’s stock.

Institutional Trading of Revolve Group

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position 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 worth $28,000 after purchasing an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after acquiring an additional 1,940 shares in the last quarter. Quarry LP bought a new stake in Revolve Group during the 2nd quarter worth approximately $68,000. American Century Companies Inc. acquired a new stake in shares of Revolve Group in the second quarter valued at $165,000. Finally, nVerses Capital LLC bought a new stake in Revolve Group during the 3rd quarter worth about $171,000. 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.