Revolve Group, Inc. (NYSE:RVLV – Get Free Report) 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 – Get Free Report) 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
Get Our Latest Stock Analysis on RVLV
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.
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