The Nelson Van Denburg & Campbell Wealth Management Group LLC increased the amount of Revolve Group stock owned by 18.5% during the first three months of 2018. Following the acquisition of an additional 757 shares during the above period, Proficio Capital Partners LLC now holds 10,766 shares of the company’s stock, which has a value of $578,000 on the market. Over the year’s first three months, Proficio Capital Partners LLC acquired an additional 7.6% ownership stake in Revolve Group. These 41,888 shares have a combined value of $2,249,000. Following acquiring an additional 613 shares over the preceding three months, Rhumbline Advisers is now the direct owner of 41,888 shares of the company’s stock, which have a combined value of $2,249,000. Rhumbline Advisers increased the proportion of Revolve Group stock owned by 1.5% during the year’s first quarter. These dealings have only occurred within the past few years. These transactions have taken place relatively recently. Recently, several institutional investors have been buying and selling shares of the company’s stock. Compared to the same quarter in the prior year, the company’s revenue increased by 8.1%. In the same period as the previous year, the business made a profit of $0.39 per share. The revenue for the quarter came in significantly higher than the $240.41 million analysts had anticipated, coming in at $259.20 million instead. The return on equity for Revolve Group was calculated to be 23.23%, while the company’s net margin was calculated to be 7.41%. The company reportedly reported earnings per share for the quarter of $0.11, which was $0.01 higher than the consensus estimate of $0.10 among industry analysts. (The latter raised $855 million in its IPO.) Both platforms heavily rely on Instagram and influencers to promote their products, as an increasing number of consumers turn to their social media feeds for fashion inspiration.The most recent quarterly earnings report for Revolve Group (NYSE: RVLV) was published Thursday after the market closed. launched its own IPO in September - the latest in a string of retailers to hit the public markets. Revolve’s offering also comes nine months after competitor Farfetch Ltd. The digital marketplace maintains a portfolio of 21 private labels. In 2018, Revolve posted profits of $36 million on revenues of $498.7 million and, according to its website, records around 9.4 million unique visitors each month. It also hosted its annual activation at the Coachella Valley Music and Arts Festival - which accommodated upwards of 90 influencers from more than a dozen countries this year - as well as staged its own two-day mini-music festival dubbed Revolve Festival, complete with a star-studded lineup and Instagram-worthy backdrops. Last month, Song revealed her own in-house collection on the site, aptly named after her blog, marking the company’s latest move in its influencer-driven brand strategy. Revolve has successfully capitalized on today’s burgeoning influencer economy, boasting a network of about 2,500 social media-savvy tastemakers, models and actresses - including Song of Style blogger Aimee Song, reality star Kendall Jenner and “Pretty Little Liars” lead Shay Mitchell - to sell its merchandise assortment of more than 45,000 clothes, shoes and accessories. Jennifer Lopez Elevates Black Versace Dress With Strappy Sandals From Her Revolve Collection at 'The Mother' Screening
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