Insider Selling: 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 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) 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

A number of analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a research report on Friday, August 23rd. TD Cowen raised their target price on Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Evercore ISI upped their price objective on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. Finally, Wedbush reaffirmed a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. Two 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.44.

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.