Insider Selling: Revolve Group, Inc. (NYSE:RVLV) Major Shareholder Sells 59,922 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) major shareholder Mmmk Development, Inc. sold 59,922 shares of the firm’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $55.26, for a total transaction of $3,311,289.72. Following the completion of the sale, the insider now owns 48,702 shares in the company, valued at approximately $2,691,272.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mmmk Development, Inc. also recently made the following trade(s):

  • On Tuesday, May 25th, Mmmk Development, Inc. sold 83,920 shares of Revolve Group stock. The stock was sold at an average price of $50.74, for a total transaction of $4,258,100.80.
  • On Tuesday, May 11th, Mmmk Development, Inc. sold 190,623 shares of Revolve Group stock. The stock was sold at an average price of $48.74, for a total transaction of $9,290,965.02.

Revolve Group stock opened at $55.24 on Friday. The firm has a 50-day simple moving average of $50.70. Revolve Group, Inc. has a 12-month low of $14.31 and a 12-month high of $60.89. The company has a market capitalization of $3.99 billion, a PE ratio of 53.63, a price-to-earnings-growth ratio of 3.96 and a beta of 2.67.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Thursday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.17. Revolve Group had a return on equity of 36.19% and a net margin of 12.21%. The business had revenue of $178.91 million during the quarter, compared to analysts’ expectations of $156.28 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, analysts forecast that Revolve Group, Inc. will post 0.83 EPS for the current fiscal year.

A number of research firms have weighed in on RVLV. Credit Suisse Group lifted their price target on shares of Revolve Group from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Piper Sandler lifted their price target on shares of Revolve Group from $53.00 to $58.00 in a research note on Friday, May 7th. BTIG Research lifted their price target on shares of Revolve Group from $50.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, May 7th. KeyCorp lifted their price target on shares of Revolve Group from $47.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 6th. Finally, Roth Capital lifted their price target on shares of Revolve Group from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 18th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Revolve Group presently has an average rating of “Buy” and a consensus target price of $49.25.

Several institutional investors have recently added to or reduced their stakes in RVLV. Stephens Investment Management Group LLC raised its holdings in shares of Revolve Group by 720.3% in the first quarter. Stephens Investment Management Group LLC now owns 1,299,338 shares of the company’s stock valued at $58,379,000 after buying an additional 1,140,938 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Revolve Group in the fourth quarter valued at about $22,934,000. Fiera Capital Corp bought a new position in shares of Revolve Group in the fourth quarter valued at about $22,140,000. CI Investments Inc. bought a new position in shares of Revolve Group in the fourth quarter valued at about $19,041,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Revolve Group by 2,756.8% in the first quarter. D. E. Shaw & Co. Inc. now owns 575,495 shares of the company’s stock valued at $25,857,000 after buying an additional 555,350 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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Insider Buying and Selling by Quarter for Revolve Group (NYSE:RVLV)

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