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

Revolve Group, Inc. (NYSE:RVLV) major shareholder Mmmk Development, Inc. sold 68,918 shares of the firm’s stock in a transaction that occurred on Tuesday, October 12th. The shares were sold at an average price of $65.82, for a total value of $4,536,182.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 stock was sold at an average price of $62.57, for a total value 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 stock was 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 stock was sold at an average price of $66.03, for a total value of $3,422,863.14.

Shares of RVLV stock traded up $0.61 during mid-day trading on Wednesday, hitting $65.73. 616,312 shares of the stock traded hands, compared to its average volume of 1,085,096. Revolve Group, Inc. has a twelve month low of $17.71 and a twelve month high of $74.82. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 52.10, a price-to-earnings-growth ratio of 3.11 and a beta of 2.62. The company’s 50-day simple moving average is $63.46 and its 200-day simple moving average is $59.39.

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

Several analysts recently issued reports on the company. Wedbush began coverage on Revolve Group in a report on Monday, October 4th. They issued an “outperform” rating and a $72.00 price target on the stock. Zacks Investment Research raised Revolve Group from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Thursday, July 8th. KeyCorp lifted their target price on Revolve Group from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, July 27th. B. Riley lifted their target price on Revolve Group from $58.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 29th. Finally, MKM Partners lifted their target price on Revolve Group from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, August 2nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $66.69.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new position in shares of Revolve Group in the 2nd quarter worth $34,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Revolve Group by 36.7% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 678 shares of the company’s stock worth $47,000 after acquiring an additional 182 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Revolve Group in the 2nd quarter worth $80,000. Great West Life Assurance Co. Can grew its holdings in shares of Revolve Group by 68.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 1,822 shares of the company’s stock worth $125,000 after acquiring an additional 740 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Revolve Group by 4,705.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,922 shares of the company’s stock worth $132,000 after acquiring an additional 1,882 shares during the last quarter. Institutional investors and hedge funds own 49.63% of the company’s stock.

Revolve Group Company Profile

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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