Fintel reports that MMMK Development has filed a 13G/A form with the SEC disclosing ownership of 32.68MM shares of Revolve Group Inc (RVLV). This represents 44.6% of the company.
In their previous filing dated February 4, 2022 they reported 33.04MM shares and 45.60% of the company, a decrease in shares of 1.09% and a decrease in total ownership of 1.00% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 5.39% Upside
As of February 10, 2023, the average one-year price target for Revolve Group is $27.36. The forecasts range from a low of $18.18 to a high of $36.75. The average price target represents an increase of 5.39% from its latest reported closing price of $25.96.
The projected annual revenue for Revolve Group is $1,182MM, an increase of 9.24%. The projected annual EPS is $0.89, a decrease of 19.02%.
What is the Fund Sentiment?
There are 446 funds or institutions reporting positions in Revolve Group. This is a decrease of 53 owner(s) or 10.62% in the last quarter. Average portfolio weight of all funds dedicated to RVLV is 0.19%, an increase of 5.85%. Total shares owned by institutions increased in the last three months by 18.09% to 64,508K shares. The put/call ratio of RVLV is 8.49, indicating a bearish outlook.
What are large shareholders doing?
Kayne Anderson Rudnick Investment Management holds 7,148K shares representing 9.75% ownership of the company. In it's prior filing, the firm reported owning 548K shares, representing an increase of 92.34%. The firm increased its portfolio allocation in RVLV by 1,048.20% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 5,279K shares representing 7.20% ownership of the company. In it's prior filing, the firm reported owning 417K shares, representing an increase of 92.09%. The firm increased its portfolio allocation in RVLV by 1,077.13% over the last quarter.
William Blair Investment Management holds 4,770K shares representing 6.50% ownership of the company. In it's prior filing, the firm reported owning 5,000K shares, representing a decrease of 4.81%. The firm decreased its portfolio allocation in RVLV by 5.23% over the last quarter.
Fisher Asset Management holds 2,638K shares representing 3.60% ownership of the company. In it's prior filing, the firm reported owning 2,627K shares, representing an increase of 0.41%. The firm decreased its portfolio allocation in RVLV by 7.06% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 1,894K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 1,958K shares, representing a decrease of 3.42%. The firm increased its portfolio allocation in RVLV by 11.04% over the last quarter.
Revolve Group Background Information
(This description is provided by the company.)
Revolve Group, Inc. (RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers. As a trusted, premium lifestyle brand, and a go-to online source for discovery and inspiration, we deliver an engaging customer experience from a vast yet curated offering of apparel, footwear, accessories and beauty styles. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers, and hundreds of emerging, established and owned brands. We were founded in 2003 by our co-CEOs, Michael Mente and Mike Karanikolas. We sell merchandise through two differentiated segments, REVOLVE and FORWARD, that leverage one platform. Through REVOLVE we offer a highly curated assortment of premium apparel and footwear, accessories and beauty products from emerging, established and owned brands. Through FORWARD we offer an assortment of iconic and emerging luxury brands.
This story originally appeared on Fintel.
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