Allspring Global Investments Holdings LLC Cuts Stake in Revolve Group, Inc. $RVLV

Key Points

• Allspring Global Investments cut its Revolve stake by 13.7% in Q4, selling 86,410 shares and leaving it with 542,142 shares (about 0.76% of the company) worth roughly $16.0 million, while overall institutional ownership sits at 67.60%.
• Revolve topped estimates in its latest quarter with $0.26 EPS vs. $0.16 expected and $324.37M revenue (up 10.4% YoY vs. $305.83M est.), and analysts hold a consensus "Moderate Buy" with an average price target of $29.50.
• Company insiders have been net sellers recently — including large January sales by the CFO and CEO — with 372,081 insider shares sold (~$11.2M) over the last 90 days, though insiders still own 43.82% of the stock.

Allspring Global Investments Holdings LLC cut its holdings in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 542,142 shares of the company's stock after selling 86,410 shares during the period. Allspring Global Investments Holdings LLC owned 0.76% of Revolve Group worth $16,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RVLV. State of Alaska Department of Revenue acquired a new stake in Revolve Group in the 3rd quarter worth approximately $46,000. Quarry LP increased its stake in Revolve Group by 6,932.1% during the 3rd quarter. Quarry LP now owns 3,727 shares of the company's stock valued at $79,000 after purchasing an additional 3,674 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Revolve Group in the third quarter worth $125,000. Quantbot Technologies LP purchased a new stake in shares of Revolve Group during the second quarter valued at $159,000. Finally, KLP Kapitalforvaltning AS increased its position in shares of Revolve Group by 37.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 9,500 shares of the company's stock valued at $202,000 after acquiring an additional 2,600 shares during the period. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Trading Up 0.0%

Shares of RVLV opened at $22.26 on Friday. The firm has a market cap of $1.59 billion, a P/E ratio of 26.18, a PEG ratio of 2.23 and a beta of 1.80. The stock's 50 day moving average is $24.73 and its two-hundred day moving average is $25.04. Revolve Group, Inc. has a 12 month low of $16.80 and a 12 month high of $31.68.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.10. The firm had revenue of $324.37 million for the quarter, compared to analyst estimates of $305.83 million. Revolve Group had a return on equity of 12.12% and a net margin of 5.03%.The business's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. Equities research analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating and issued a $34.00 price objective on shares of Revolve Group in a report on Thursday, December 18th. TD Cowen reaffirmed a "buy" rating on shares of Revolve Group in a report on Wednesday, February 25th. KeyCorp reiterated an "overweight" rating on shares of Revolve Group in a research report on Wednesday, February 25th. Guggenheim initiated coverage on shares of Revolve Group in a report on Tuesday, December 9th. They issued a "neutral" rating on the stock. Finally, Roth Mkm reissued a "buy" rating and set a $33.00 price target (up from $30.00) on shares of Revolve Group in a research report on Wednesday, February 25th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Revolve Group presently has a consensus rating of "Moderate Buy" and an average price target of $29.50.

Insider Activity

In other Revolve Group news, CFO Jesse Timmermans sold 12,053 shares of the business's stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $31.51, for a total transaction of $379,790.03. Following the completion of the sale, the chief financial officer directly owned 11,610 shares in the company, valued at approximately $365,831.10. The trade was a 50.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Mente sold 72,337 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $31.16, for a total value of $2,254,020.92. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 372,081 shares of company stock valued at $11,196,138. Insiders own 43.82% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.