Revolve Group, Inc. (NYSE:RVLV – Get Free Report) major shareholder Mmmk Development, Inc. sold 6,493 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Revolve Group Trading Down 1.2 %
NYSE:RVLV opened at $25.48 on Monday. The firm has a market cap of $1.80 billion, a P/E ratio of 74.94, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04. The stock has a 50 day moving average of $21.48 and a two-hundred day moving average of $19.88. Revolve Group, Inc. has a 12 month low of $12.25 and a 12 month high of $25.96.
Revolve Group (NYSE:RVLV – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 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 analysts’ expectations of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, research analysts forecast that Revolve Group, Inc. will post 0.56 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Analysis on Revolve Group
Institutional Investors Weigh In On Revolve Group
A number of hedge funds have recently modified their holdings of RVLV. Benjamin F. Edwards & Company Inc. purchased a new stake in Revolve Group during the 1st quarter valued at about $45,000. Quarry LP purchased a new stake in shares of Revolve Group in the second quarter valued at approximately $68,000. Assetmark Inc. increased its holdings in shares of Revolve Group by 8.3% in the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after purchasing an additional 631 shares during the last quarter. American Century Companies Inc. purchased a new position in Revolve Group during the second quarter worth approximately $165,000. Finally, Pier 88 Investment Partners LLC acquired a new position in Revolve Group during the second quarter worth $182,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.
About Revolve Group
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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