Mmmk Development, Inc. Sells 33,164 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) major shareholder Mmmk Development, Inc. sold 33,164 shares of Revolve Group stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $26.26, for a total value of $870,886.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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 Thursday, September 19th, Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock. The stock was sold at an average price of $25.92, for a total transaction of $168,298.56.

Revolve Group Stock Performance

NYSE:RVLV traded up $0.06 during mid-day trading on Thursday, reaching $26.35. 681,386 shares of the company’s stock were exchanged, compared to its average volume of 1,019,016. Revolve Group, Inc. has a one year low of $12.42 and a one year high of $26.69. The business’s fifty day simple moving average is $23.90 and its two-hundred day simple moving average is $20.46. The firm has a market capitalization of $1.87 billion, a PE ratio of 77.50, a price-to-earnings-growth ratio of 2.41 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that Revolve Group, Inc. will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RVLV. nVerses Capital LLC acquired a new stake in shares of Revolve Group during the 3rd quarter worth approximately $171,000. Creative Planning raised its position in Revolve Group by 4.6% during the third quarter. Creative Planning now owns 136,225 shares of the company’s stock valued at $3,376,000 after purchasing an additional 6,018 shares in the last quarter. SG Americas Securities LLC bought a new stake in Revolve Group during the third quarter worth $827,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Revolve Group by 12.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 154,077 shares of the company’s stock valued at $2,451,000 after purchasing an additional 16,680 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Revolve Group in the 2nd quarter valued at $68,000. Institutional investors own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RVLV. BTIG Research raised their price target on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. UBS Group boosted their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird increased their price target on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Wedbush reiterated a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.81.

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.