Revolve Group (NYSE:RVLV) Price Target Raised to $33.00

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

Several other equities analysts also recently commented on the company. Roth Mkm raised their target price on Revolve Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley restated 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. UBS Group raised their target price on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. TD Cowen raised their target price on Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Revolve Group presently has a consensus rating of “Hold” and a consensus target price of $26.19.

Revolve Group Trading Down 4.5 %

Shares of RVLV stock opened at $31.47 on Wednesday. The stock has a 50 day moving average of $25.04 and a two-hundred day moving average of $21.26. Revolve Group has a 12 month low of $12.63 and a 12 month high of $33.82. The company has a market capitalization of $2.22 billion, a P/E ratio of 56.20, a P/E/G ratio of 2.97 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same quarter last year, the company earned $0.04 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that Revolve Group will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the completion of the sale, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction of $168,298.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jesse Timmermans sold 91,625 shares of Revolve Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.72, for a total value of $2,814,720.00. Following the sale, the chief financial officer now directly owns 3,054 shares of the company’s stock, valued at approximately $93,818.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 436,571 shares of company stock valued at $12,890,034. Company insiders own 46.56% of the company’s stock.

Institutional Investors Weigh In On Revolve Group

A number of institutional investors have recently made changes to their positions in the stock. Precision Wealth Strategies LLC grew its stake in shares of Revolve Group by 3.3% during the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock worth $316,000 after purchasing an additional 407 shares during the period. US Bancorp DE grew its stake in Revolve Group by 1.8% in the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after acquiring an additional 677 shares during the period. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% in the third 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 during the period. Price T Rowe Associates Inc. MD grew its stake in Revolve Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock valued at $561,000 after acquiring an additional 1,227 shares during the period. Finally, Versor Investments LP grew its stake in Revolve Group by 9.0% in the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after acquiring an additional 1,405 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

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.