Mmmk Development, Inc. Sells 6,493 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Revolve Group Trading Down 1.2 %

Revolve Group stock opened at $25.48 on Monday. Revolve Group, Inc. has a 12 month low of $12.25 and a 12 month high of $25.96. The stock has a fifty day simple moving average of $21.48 and a two-hundred day simple moving average of $19.88. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 2.28 and a beta of 2.04.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $277.06 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Revolve Group’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Revolve Group, Inc. will post 0.56 EPS for the current fiscal year.

Institutional Trading of Revolve Group

A number of hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Revolve Group during the 1st quarter valued at about $45,000. Quarry LP purchased a new position in Revolve Group during the second quarter valued at $68,000. Assetmark Inc. grew its holdings in Revolve Group by 8.3% during 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 period. SYSTM Wealth Solutions LLC bought a new stake in Revolve Group during the first quarter valued at about $216,000. Finally, American Century Companies Inc. purchased a new stake in Revolve Group in the second quarter worth about $165,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Evercore ISI upped their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. BTIG Research raised their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wedbush reiterated a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a report on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and set a $30.00 price objective on shares of Revolve Group in a research report on Friday, August 23rd. Finally, TD Cowen upped their price objective on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.44.

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.