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

Revolve Group (NYSE:RVLV) had its price target cut by Robert W. Baird from $26.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 27.68% from the stock’s previous close.

RVLV has been the subject of a number of other research reports. Piper Sandler reduced their target price on Revolve Group from $35.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Stifel Nicolaus cut their price objective on Revolve Group from $40.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Morgan Stanley decreased their target price on Revolve Group from $29.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. 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. Finally, BMO Capital Markets lifted 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Revolve Group Price Performance

Shares of NYSE:RVLV opened at $19.58 on Thursday. Revolve Group has a 1 year low of $14.87 and a 1 year high of $39.58. The firm has a market capitalization of $1.39 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.48 and a beta of 2.10. The business’s 50-day moving average is $21.73 and its 200 day moving average is $28.24.

Insiders Place Their Bets

In other news, CEO Michael Mente sold 67,118 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the 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 transaction, the chief executive officer now directly owns 123,000 shares in the company, 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. Over the last quarter, insiders sold 145,406 shares of company stock worth $4,378,812. Company insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Revolve Group in the first quarter worth approximately $5,246,000. CWM LLC boosted its stake in Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after purchasing an additional 836 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Revolve Group by 9.7% during the first quarter. Stephens Investment Management Group LLC now owns 636,051 shares of the company’s stock worth $13,669,000 after buying an additional 56,290 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Revolve Group by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock valued at $2,481,000 after buying an additional 3,827 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Revolve Group by 5.6% in the first quarter. Principal Financial Group Inc. now owns 102,440 shares of the company’s stock worth $2,201,000 after buying an additional 5,390 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.