London Co. of Virginia reduced its stake in Revolve Group, Inc. (NYSE:RVLV – Free Report) by 3.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,024,590 shares of the company’s stock after selling 37,247 shares during the period. London Co. of Virginia’s holdings in Revolve Group were worth $23,166,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RVLV. Panagora Asset Management Inc. boosted its holdings in shares of Revolve Group by 2.0% in the 4th quarter. Panagora Asset Management Inc. now owns 20,284 shares of the company’s stock valued at $612,000 after buying an additional 404 shares in the last quarter. Madison Asset Management LLC raised its stake in Revolve Group by 0.4% during the 4th quarter. Madison Asset Management LLC now owns 129,686 shares of the company’s stock worth $3,915,000 after acquiring an additional 486 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Revolve Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company’s stock valued at $489,000 after acquiring an additional 964 shares during the last quarter. Alliancebernstein L.P. lifted its position in Revolve Group by 2.7% in the third quarter. Alliancebernstein L.P. now owns 38,600 shares of the company’s stock valued at $822,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Man Group plc boosted its stake in Revolve Group by 0.6% in the fourth quarter. Man Group plc now owns 167,677 shares of the company’s stock valued at $5,062,000 after acquiring an additional 1,064 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.
Insider Activity
In related news, CEO Michael Mente sold 60,923 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 119,241 shares of company stock worth $3,141,400 over the last 90 days. Company insiders own 42.67% of the company’s stock.
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Revolve Group Stock Performance
Shares of Revolve Group stock opened at $24.98 on Friday. Revolve Group, Inc. has a 1 year low of $17.35 and a 1 year high of $31.68. The company has a market capitalization of $1.79 billion, a P/E ratio of 28.07, a PEG ratio of 2.71 and a beta of 1.61. The company’s fifty day moving average is $21.73 and its two-hundred day moving average is $24.09.
Revolve Group (NYSE:RVLV – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Revolve Group had a net margin of 5.05% and a return on equity of 12.17%. The business had revenue of $342.88 million during the quarter, compared to analysts’ expectations of $328.84 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts expect that Revolve Group, Inc. will post 0.85 earnings per share for the current 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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