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

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

Other equities analysts have also recently issued reports about the company. UBS Group increased their price target on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $17.00 to $25.00 in a report on Wednesday. BTIG Research increased their price target on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI increased their price target on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Finally, Roth Mkm increased their price target on Revolve Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One equities 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 a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Price Performance

Shares of RVLV stock opened at $31.47 on Wednesday. The business’s 50 day simple moving average is $25.04 and its 200 day simple moving average is $21.27. Revolve Group has a one year low of $12.63 and a one year high of $33.82. The stock has a market capitalization of $2.22 billion, a PE ratio of 56.20, a PEG ratio of 2.97 and a beta of 2.05.

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

Insider Activity

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jesse Timmermans sold 91,625 shares of the 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 completion of the transaction, the chief financial officer now owns 3,054 shares in the company, valued at approximately $93,818.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 6,493 shares of the 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 sold a total of 436,571 shares of company stock valued at $12,890,034 in the last ninety days. 46.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in Revolve Group in the 1st quarter worth about $33,735,000. Dimensional Fund Advisors LP boosted its stake in Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after purchasing an additional 123,745 shares during the period. Marshall Wace LLP boosted its stake in Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after purchasing an additional 280,151 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in Revolve Group by 55.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after purchasing an additional 134,775 shares during the period. Finally, Millennium Management LLC boosted its stake in Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after purchasing an additional 138,600 shares during the period. Institutional investors 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.