Revolve Group, Inc. $RVLV Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Revolve Group, Inc. (NYSE:RVLV) by 13.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 542,142 shares of the company’s stock after selling 86,410 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Revolve Group were worth $16,026,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC acquired a new position in Revolve Group during the third quarter worth $22,164,000. Balyasny Asset Management L.P. increased its position in Revolve Group by 830.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company’s stock worth $20,248,000 after purchasing an additional 901,396 shares during the last quarter. Marshall Wace LLP increased its position in Revolve Group by 2,036.0% during the second quarter. Marshall Wace LLP now owns 544,678 shares of the company’s stock worth $10,921,000 after purchasing an additional 519,178 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Revolve Group by 197.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 435,437 shares of the company’s stock valued at $9,275,000 after buying an additional 288,868 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in shares of Revolve Group by 2,314.0% during the 3rd quarter. Squarepoint Ops LLC now owns 286,207 shares of the company’s stock worth $6,096,000 after buying an additional 274,351 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 72,337 shares of Revolve Group stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $31.16, for a total value of $2,254,020.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jesse Timmermans sold 12,053 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $31.51, for a total value of $379,790.03. Following the transaction, the chief financial officer directly owned 11,610 shares of the company’s stock, valued at $365,831.10. The trade was a 50.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 372,081 shares of company stock valued at $11,196,138. 43.82% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RVLV shares. Wall Street Zen upgraded Revolve Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Robert W. Baird set a $29.00 target price on Revolve Group in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus increased their price target on Revolve Group from $28.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Revolve Group Stock Performance

NYSE RVLV opened at $22.26 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.23 and a beta of 1.80. The firm has a 50 day simple moving average of $24.73 and a 200-day simple moving average of $25.04. Revolve Group, Inc. has a one year low of $16.80 and a one year high of $31.68.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, February 24th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. Revolve Group had a net margin of 5.03% and a return on equity of 12.12%. The firm had revenue of $324.37 million for the quarter, compared to the consensus estimate of $305.83 million. During the same period in the prior year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

About Revolve Group

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.