Robert W. Baird Increases Revolve Group (NYSE:RVLV) Price Target to $25.00

Revolve Group (NYSE:RVLV - Get Free Report) had its price objective raised by equities research analysts at Robert W. Baird from $23.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's target price would suggest a potential upside of 12.19% from the company's previous close.

Other equities analysts also recently issued reports about the company. Raymond James cut their price objective on Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a research report on Friday, March 14th. Morgan Stanley cut their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Barclays reaffirmed a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. Finally, UBS Group decreased their price objective on shares of Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $26.20.

Revolve Group Price Performance

NYSE:RVLV traded down $0.29 during trading hours on Friday, reaching $22.28. 1,456,770 shares of the company were exchanged, compared to its average volume of 1,192,847. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 1.48 and a beta of 2.10. The stock has a 50 day simple moving average of $20.04 and a 200 day simple moving average of $26.78. Revolve Group has a 52-week low of $14.87 and a 52-week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. On average, analysts predict that Revolve Group will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AlphaQuest LLC increased its stake in Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after buying an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock valued at $730,000 after acquiring an additional 668 shares in the last quarter. CWM LLC grew its stake in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after acquiring an additional 836 shares in the last quarter. Navellier & Associates Inc. increased its position in shares of Revolve Group by 4.1% during the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company's stock worth $861,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Precision Wealth Strategies LLC increased its position in shares of Revolve Group by 8.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,678 shares of the company's stock worth $294,000 after acquiring an additional 1,051 shares during the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.