Revolve Group, Inc. (NYSE:RVLV) Major Shareholder Sells $168,298.56 in Stock

Revolve Group, Inc. (NYSE:RVLV) major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Revolve Group Price Performance

Shares of NYSE:RVLV traded down $0.31 during mid-day trading on Friday, reaching $25.48. 1,541,894 shares of the company traded hands, compared to its average volume of 1,042,151. The company’s 50 day moving average price is $21.29 and its 200-day moving average price is $19.88. Revolve Group, Inc. has a 52 week low of $12.25 and a 52 week high of $25.96. The firm has a market cap of $1.80 billion, a PE ratio of 74.94, a PEG ratio of 2.28 and a beta of 2.04.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. On average, research analysts predict that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RVLV has been the subject of a number of research analyst reports. TD Cowen lifted their target price on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Piper Sandler reiterated an “overweight” rating and issued a $30.00 price target on shares of Revolve Group in a research report on Friday, August 23rd. BTIG Research boosted their price objective on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wedbush reissued a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. Finally, Barclays decreased their price objective on Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Revolve Group has an average rating of “Hold” and an average price target of $21.44.

Institutional Trading of Revolve Group

A number of institutional investors have recently modified their holdings of the company. Westfield Capital Management Co. LP purchased a new stake in shares of Revolve Group during the 1st quarter worth about $33,735,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Revolve Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock valued at $17,478,000 after purchasing an additional 10,724 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after buying an additional 123,745 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Revolve Group by 51.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after purchasing an additional 229,964 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after buying an additional 280,151 shares during the period. 67.60% of the stock is currently owned by 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.