Revolve Group (NYSE:RVLV) Price Target Raised to $23.00 at Robert W. Baird

Revolve Group (NYSE:RVLV) had its price target lifted by research analysts at Robert W. Baird from $19.00 to $23.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 8.70% from the company’s current price.

Several other research firms have also issued reports on RVLV. Wedbush upped their price target on shares of Revolve Group from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. UBS Group increased their price target on Revolve Group from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. The Goldman Sachs Group began coverage on shares of Revolve Group in a research note on Wednesday, January 10th. They issued a “sell” rating and a $12.00 price objective for the company. Barclays increased their target price on shares of Revolve Group from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. Finally, Piper Sandler lifted their price target on shares of Revolve Group from $21.00 to $22.50 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.74.

Revolve Group Trading Up 2.1 %

Shares of RVLV stock opened at $21.16 on Wednesday. Revolve Group has a 1-year low of $12.25 and a 1-year high of $23.19. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 55.69, a PEG ratio of 1.38 and a beta of 2.15. The stock has a 50-day moving average of $20.30 and a 200-day moving average of $17.03.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $270.60 million during the quarter, compared to the consensus estimate of $271.80 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. Sell-side analysts forecast that Revolve Group will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC grew its position in Revolve Group by 452.4% in the 3rd quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock worth $25,000 after purchasing an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of Revolve Group in the first quarter valued at approximately $45,000. Assetmark Inc. increased its position in shares of Revolve Group by 11.7% during the third quarter. Assetmark Inc. now owns 7,621 shares of the company’s stock valued at $104,000 after acquiring an additional 797 shares during the last quarter. Corton Capital Inc. purchased a new stake in shares of Revolve Group during the third quarter valued at approximately $140,000. Finally, Handelsbanken Fonder AB bought a new stake in Revolve Group during the fourth quarter worth $179,000. 67.60% of the stock is owned by institutional investors.

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.