Revolve Group (NYSE:RVLV) Given New $24.00 Price Target at Robert W. Baird

Revolve Group (NYSE:RVLV) had its target price raised by Robert W. Baird from $23.00 to $24.00 in a report released on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

RVLV has been the topic of a number of other research reports. Barclays decreased their price target on shares of Revolve Group from $15.00 to $14.00 and set an underweight rating on the stock in a report on Thursday, July 18th. Stifel Nicolaus upped their price target on Revolve Group from $20.00 to $24.00 and gave the stock a buy rating in a research note on Friday, April 26th. UBS Group boosted their target price on Revolve Group from $21.00 to $22.00 and gave the stock a neutral rating in a report on Thursday, May 9th. Needham & Company LLC restated a buy rating and issued a $25.00 price target on shares of Revolve Group in a report on Friday, May 17th. Finally, Wedbush reiterated a neutral rating and set a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $20.78.

Revolve Group Stock Performance

Revolve Group stock opened at $24.08 on Wednesday. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $24.42. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 70.82, a price-to-earnings-growth ratio of 2.17 and a beta of 2.09. The stock’s fifty day moving average is $17.83 and its two-hundred day moving average is $18.80.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, sell-side analysts forecast that Revolve Group will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in Revolve Group during the first quarter worth $33,735,000. Norden Group LLC boosted its holdings in shares of Revolve Group by 2,269.6% in the 1st quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after buying an additional 351,704 shares during the period. Marshall Wace LLP grew its position in shares of Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Revolve Group by 51.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock worth $11,250,000 after acquiring an additional 229,964 shares during the period. Finally, Comerica Bank raised its stake in Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after acquiring an additional 178,475 shares during the period. 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.