Revolve Group, Inc. (NYSE:RVLV) Major Shareholder Mmmk Development, Inc. Sells 68,918 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) major shareholder Mmmk Development, Inc. sold 68,918 shares of the company’s stock in a transaction dated Tuesday, October 12th. The shares were sold at an average price of $65.82, for a total transaction of $4,536,182.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Mmmk Development, Inc. also recently made the following trade(s):

  • On Tuesday, September 28th, Mmmk Development, Inc. sold 40,076 shares of Revolve Group stock. The stock was sold at an average price of $65.62, for a total value of $2,629,787.12.
  • On Tuesday, September 14th, Mmmk Development, Inc. sold 77,998 shares of Revolve Group stock. The stock was sold at an average price of $65.41, for a total value of $5,101,849.18.
  • On Wednesday, September 1st, Mmmk Development, Inc. sold 200,000 shares of Revolve Group stock. The shares were sold at an average price of $62.57, for a total transaction of $12,514,000.00.
  • On Monday, August 30th, Mmmk Development, Inc. sold 42,368 shares of Revolve Group stock. The stock was sold at an average price of $57.18, for a total value of $2,422,602.24.
  • On Tuesday, August 17th, Mmmk Development, Inc. sold 110,658 shares of Revolve Group stock. The shares were sold at an average price of $57.00, for a total value of $6,307,506.00.
  • On Tuesday, August 3rd, Mmmk Development, Inc. sold 60,323 shares of Revolve Group stock. The stock was sold at an average price of $71.93, for a total value of $4,339,033.39.
  • On Tuesday, July 20th, Mmmk Development, Inc. sold 51,838 shares of Revolve Group stock. The shares were sold at an average price of $66.03, for a total value of $3,422,863.14.

NYSE RVLV opened at $65.73 on Thursday. The business has a 50 day simple moving average of $63.35 and a 200 day simple moving average of $59.54. Revolve Group, Inc. has a one year low of $17.71 and a one year high of $74.82. The stock has a market capitalization of $4.78 billion, a P/E ratio of 52.58, a P/E/G ratio of 3.11 and a beta of 2.62.

Revolve Group (NYSE:RVLV) last released its earnings results on Wednesday, August 4th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. Revolve Group had a return on equity of 39.45% and a net margin of 13.18%. The business had revenue of $228.60 million during the quarter, compared to analysts’ expectations of $198.91 million. During the same quarter last year, the firm posted $0.20 earnings per share. The firm’s revenue was up 60.1% on a year-over-year basis. As a group, sell-side analysts predict that Revolve Group, Inc. will post 1.05 earnings per share for the current year.

Several research firms have commented on RVLV. Wedbush began coverage on Revolve Group in a research note on Monday, October 4th. They issued an “outperform” rating and a $72.00 target price on the stock. Raymond James downgraded Revolve Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $61.00 to $78.00 in a research report on Thursday, August 5th. KeyCorp increased their price objective on shares of Revolve Group from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, July 27th. B. Riley increased their target price on Revolve Group from $58.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 29th. Finally, Roth Capital lifted their price target on shares of Revolve Group from $65.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, August 5th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $66.69.

Large investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in shares of Revolve Group by 8.0% in the second quarter. FMR LLC now owns 5,367,611 shares of the company’s stock valued at $369,828,000 after purchasing an additional 398,798 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Revolve Group by 23.3% in the second quarter. Vanguard Group Inc. now owns 3,613,350 shares of the company’s stock valued at $248,960,000 after purchasing an additional 683,374 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Revolve Group by 229.1% in the second quarter. William Blair Investment Management LLC now owns 2,654,967 shares of the company’s stock valued at $182,927,000 after purchasing an additional 1,848,173 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Revolve Group by 255.4% in the second quarter. BlackRock Inc. now owns 2,411,514 shares of the company’s stock valued at $166,154,000 after purchasing an additional 1,733,061 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Revolve Group by 6.0% during the first quarter. Penserra Capital Management LLC now owns 1,677,601 shares of the company’s stock worth $75,374,000 after acquiring an additional 94,245 shares during the period. Institutional investors and hedge funds own 49.63% of the company’s stock.

About Revolve Group

Revolve Group, Inc engages in the retail of next-generation fashion for millennial and generation Z consumers. It operates through the Revolve, and Forward segments. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands.

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Insider Buying and Selling by Quarter for Revolve Group (NYSE:RVLV)

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