Robert W. Baird Has Lowered Expectations for Revolve Group (NYSE:RVLV) Stock Price

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

Several other equities research analysts have also issued reports on the company. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research note on Thursday, January 23rd. Piper Sandler lowered their price target 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. Barclays raised their price objective on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their target price on Revolve Group from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, BMO Capital Markets raised their price target on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Revolve Group Trading Up 0.6 %

RVLV stock opened at $19.58 on Thursday. The company’s 50 day moving average is $21.73 and its 200 day moving average is $28.26. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Revolve Group has a 1-year low of $14.87 and a 1-year high of $39.58.

Insider Transactions at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 65,722 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.10, for a total value of $1,978,232.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,197,300. This represents a 47.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares of the company’s stock, valued at $3,190,620. This represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,406 shares of company stock valued at $4,378,812. Company insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC increased its stake in shares of Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group in the 4th quarter worth approximately $50,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Revolve Group in the 4th quarter worth approximately $65,000. Northwest & Ethical Investments L.P. bought a new position in Revolve Group during the 4th quarter valued at approximately $87,000. Finally, CWM LLC boosted its holdings in Revolve Group by 40.4% in the first quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after acquiring an additional 836 shares in the last quarter. 67.60% of the stock is 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.