Revolve Group, Inc. (NYSE:RVLV – Get Free Report) CEO Michael Mente sold 456 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $25.93, for a total transaction of $11,824.08. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,892,890. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Revolve Group Stock Performance
RVLV stock opened at $25.48 on Friday. The company has a market capitalization of $1.80 billion, a PE ratio of 74.94, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04. Revolve Group, Inc. has a one year low of $12.25 and a one year high of $25.96. The company’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $19.88.
Revolve Group (NYSE:RVLV – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts predict that Revolve Group, Inc. will post 0.56 EPS for the current year.
Analyst Ratings Changes
Get Our Latest Analysis on RVLV
Hedge Funds Weigh In On Revolve Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its holdings in Revolve Group by 8.3% during the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after buying an additional 631 shares during the last quarter. US Bancorp DE increased its holdings in Revolve Group by 1.8% during the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after purchasing an additional 677 shares during the period. Essex Investment Management Co. LLC raised its position in Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after purchasing an additional 767 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Revolve Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after buying an additional 1,227 shares during the last quarter. Finally, Versor Investments LP increased its stake in shares of Revolve Group by 9.0% during the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after buying an additional 1,405 shares during the period. 67.60% of the stock is currently owned by institutional investors.
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.
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