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

Revolve Group (NYSE:RVLV - Get Free Report) had its price objective hoisted by analysts at Robert W. Baird from $23.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 10.84% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Piper Sandler decreased their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley reduced their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Raymond James reduced their price target on shares of Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus reduced their price target on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, BMO Capital Markets upped their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.20.

Revolve Group Price Performance

NYSE:RVLV traded up $0.28 during mid-day trading on Friday, hitting $22.56. The company's stock had a trading volume of 1,552,136 shares, compared to its average volume of 1,195,811. Revolve Group has a 1 year low of $14.87 and a 1 year high of $39.58. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 1.48 and a beta of 2.02. The business's fifty day moving average is $20.04 and its two-hundred day moving average is $26.58.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share 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 net margin of 3.72% and a return on equity of 10.17%. The company's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Analysts anticipate that Revolve Group will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of RVLV. Millennium Management LLC raised its holdings in shares of Revolve Group by 6,190.7% in the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company's stock valued at $21,204,000 after purchasing an additional 1,002,893 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock valued at $26,645,000 after purchasing an additional 681,451 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Revolve Group by 27.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company's stock valued at $50,800,000 after purchasing an additional 506,225 shares during the period. Driehaus Capital Management LLC purchased a new stake in shares of Revolve Group in the fourth quarter valued at about $14,531,000. Finally, Raymond James Financial Inc. boosted its holdings in Revolve Group by 4,131.2% during the first quarter. Raymond James Financial Inc. now owns 421,043 shares of the company's stock worth $9,048,000 after buying an additional 411,092 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.