Revolve Group, Inc. (NYSE:RVLV – Get Free Report) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 7,324,931 shares, an increase of 33.1% from the January 29th total of 5,504,737 shares. Based on an average trading volume of 1,089,705 shares, the short-interest ratio is currently 6.7 days. Currently, 19.2% of the shares of the stock are sold short. Currently, 19.2% of the shares of the stock are sold short. Based on an average trading volume of 1,089,705 shares, the short-interest ratio is currently 6.7 days.
Insider Activity
In related news, CEO Michael Mente sold 88,444 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $28.41, for a total value of $2,512,694.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 643,752 shares of company stock worth $18,923,501 in the last quarter. 46.56% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Revolve Group
Hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in Revolve Group during the 4th quarter worth approximately $40,000. State of Alaska Department of Revenue bought a new stake in shares of Revolve Group during the third quarter worth $46,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Revolve Group during the second quarter worth $68,000. Quarry LP raised its holdings in shares of Revolve Group by 6,932.1% during the third quarter. Quarry LP now owns 3,727 shares of the company’s stock worth $79,000 after acquiring an additional 3,674 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Revolve Group in the 3rd quarter valued at $125,000. Institutional investors and hedge funds own 67.60% of the company’s stock.
Revolve Group Stock Up 1.9%
Revolve Group (NYSE:RVLV – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Revolve Group had a net margin of 5.03% and a return on equity of 12.12%. The company had revenue of $324.37 million for the quarter, compared to analysts’ expectations of $305.83 million. During the same period last year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Revolve Group will post 0.6 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Piper Sandler lifted their target price on Revolve Group from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. KeyCorp reiterated an “overweight” rating on shares of Revolve Group in a research report on Wednesday, February 25th. Morgan Stanley set a $28.00 target price on shares of Revolve Group in a research report on Wednesday, February 25th. Robert W. Baird set a $29.00 price target on shares of Revolve Group in a research note on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Revolve Group from a “hold” rating to a “buy” rating in a report on Saturday. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.50.
Get Our Latest Research Report on Revolve Group
Revolve Group Company 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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