Stephens Investment Management Group LLC trimmed its stake in Revolve Group, Inc. (NYSE:RVLV – Free Report) by 74.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,517 shares of the company’s stock after selling 608,470 shares during the period. Stephens Investment Management Group LLC owned about 0.29% of Revolve Group worth $6,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Wakefield Asset Management LLLP bought a new stake in shares of Revolve Group during the fourth quarter valued at approximately $1,323,000. Madison Asset Management LLC grew its stake in Revolve Group by 0.4% in the fourth quarter. Madison Asset Management LLC now owns 129,686 shares of the company’s stock worth $3,915,000 after purchasing an additional 486 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in Revolve Group during the 4th quarter worth $244,000. Comerica Bank increased its holdings in Revolve Group by 2,253.8% during the 4th quarter. Comerica Bank now owns 42,250 shares of the company’s stock worth $1,276,000 after purchasing an additional 40,455 shares during the period. Finally, Cornerstone Investment Partners LLC bought a new stake in Revolve Group during the 4th quarter valued at $230,000. 67.60% of the stock is currently owned by institutional investors.
Insider Activity
In related news, CEO Michael Mente sold 60,923 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $26.43, for a total value of $1,610,194.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 135,213 shares of company stock valued at $3,555,075. 42.67% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on RVLV
Revolve Group Stock Up 0.1%
Shares of Revolve Group stock opened at $18.63 on Monday. The company has a 50 day moving average price of $23.42 and a 200 day moving average price of $25.40. The firm has a market capitalization of $1.33 billion, a P/E ratio of 20.94, a PEG ratio of 2.01 and a beta of 1.76. Revolve Group, Inc. has a 52 week low of $17.35 and a 52 week high of $31.68.
Revolve Group (NYSE:RVLV – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $342.88 million for the quarter, compared to analyst estimates of $328.84 million. Revolve Group had a net margin of 5.05% and a return on equity of 12.17%. Revolve Group’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS. As a group, research analysts anticipate that Revolve Group, Inc. will post 0.86 earnings per share for the current fiscal year.
Revolve Group Profile
Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.
Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.
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