Robert W. Baird Issues Pessimistic Forecast for Revolve Group (NYSE:RVLV) Stock Price

Revolve Group (NYSE:RVLV - Free Report) had its target price trimmed by Robert W. Baird from $26.00 to $25.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their price objective on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a research note on Thursday, January 23rd. Piper Sandler reduced their target price on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Roth Mkm reiterated a "buy" rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Finally, Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

Revolve Group Price Performance

Shares of NYSE:RVLV traded up $0.12 during midday trading on Thursday, hitting $19.58. 1,272,617 shares of the company's stock were exchanged, compared to its average volume of 1,112,012. Revolve Group has a 12 month low of $14.87 and a 12 month high of $39.58. The company has a market cap of $1.39 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The stock has a 50 day moving average price of $21.73 and a 200-day moving average price of $28.26.

Insider Activity at Revolve Group

In related news, CEO Michael Mente sold 67,118 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,256,430. This represents a 47.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,406 shares of company stock worth $4,378,812. Corporate insiders own 46.56% of the company's stock.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after purchasing an additional 158,960 shares in the last quarter. Barclays PLC increased its holdings in shares of Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after buying an additional 52,257 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Revolve Group by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock valued at $10,673,000 after buying an additional 3,470 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Revolve Group by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock worth $699,000 after acquiring an additional 1,753 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Revolve Group in the fourth quarter worth $3,250,000. 67.60% of the stock is currently 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.