Revolve Group (NYSE:RVLV) Price Target Lowered to $65.00 at Robert W. Baird

Revolve Group (NYSE:RVLVGet Rating) had its price target decreased by equities researchers at Robert W. Baird from $70.00 to $65.00 in a report released on Wednesday, The Fly reports. Robert W. Baird’s target price suggests a potential upside of 49.39% from the stock’s current price.

RVLV has been the subject of several other research reports. William Blair reiterated an “outperform” rating on shares of Revolve Group in a research note on Wednesday, April 27th. Needham & Company LLC assumed coverage on shares of Revolve Group in a research note on Thursday, March 17th. They issued a “buy” rating and a $60.00 target price for the company. Raymond James reduced their target price on shares of Revolve Group from $83.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday, February 24th. Wedbush reduced their target price on shares of Revolve Group from $84.00 to $68.00 in a research note on Thursday, February 24th. Finally, Morgan Stanley reduced their target price on shares of Revolve Group from $57.00 to $56.00 and set an “equal weight” rating for the company in a research note on Thursday, February 24th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $67.67.

NYSE RVLV opened at $43.51 on Wednesday. Revolve Group has a 52-week low of $38.82 and a 52-week high of $89.60. The company has a 50-day simple moving average of $49.92 and a 200 day simple moving average of $58.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.68 and a current ratio of 2.75. The company has a market capitalization of $3.19 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 3.06 and a beta of 2.32.

Revolve Group (NYSE:RVLVGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Revolve Group had a net margin of 11.20% and a return on equity of 36.56%. The business had revenue of $283.50 million during the quarter, compared to the consensus estimate of $256.78 million. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 58.5% compared to the same quarter last year. As a group, analysts forecast that Revolve Group will post 1.21 EPS for the current fiscal year.

In other Revolve Group news, CEO Michael Mente sold 21,443 shares of the business’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $52.02, for a total transaction of $1,115,464.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Mmmk Development, Inc. sold 95,110 shares of the business’s stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $54.18, for a total transaction of $5,153,059.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 359,785 shares of company stock worth $19,149,373. 51.12% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC increased its position in Revolve Group by 109.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 41,741 shares of the company’s stock valued at $2,578,000 after purchasing an additional 21,832 shares during the period. Swiss National Bank grew its position in shares of Revolve Group by 8.4% in the 3rd quarter. Swiss National Bank now owns 79,100 shares of the company’s stock worth $4,886,000 after buying an additional 6,100 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Revolve Group by 63.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 303,092 shares of the company’s stock worth $18,722,000 after buying an additional 117,304 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Revolve Group by 134.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,170 shares of the company’s stock worth $58,000 after buying an additional 670 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in shares of Revolve Group by 2.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 63,324 shares of the company’s stock worth $3,911,000 after buying an additional 1,715 shares during the period. 54.50% of the stock is currently owned by institutional investors and hedge funds.

About Revolve Group (Get Rating)

Revolve Group, Inc operates as an online fashion retailer for 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. The company offers women's apparel, footwear, accessories, and beauty styles under established and emerging brands, as well as owned brands.

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