SCHEDULE 13G/A: BlackRock Discloses 7.1% Stake in REVOLVE GROUP, INC. Common Stock
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, reporting a beneficial ownership of 7.1% of REVOLVE GROUP, INC.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 2,849,006 shares of REVOLVE GROUP, INC. common stock.
- This aggregate amount represents 7.1% of the class of securities outstanding.
- BlackRock holds sole voting power over 2,803,034 shares and sole dispositive power over 2,849,006 shares.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of REVOLVE GROUP, INC.
- The filing was made by BlackRock, Inc. as a parent holding company, with various subsidiaries having the right to receive dividends or proceeds from the sale of these securities.
- BlackRock Investment Management, LLC is specifically noted as an entity that beneficially owns 5% or greater of the outstanding shares of the security class.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, carrying a neutral sentiment. It indicates a significant institutional investment but provides no performance or strategic insights.
Risks
- The document does not detail specific risks related to REVOLVE GROUP, INC.'s operations or financial health, as it is a beneficial ownership report.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding REVOLVE GROUP, INC.'s future performance or outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by BlackRock, Inc.)
Industry Context
This filing is a standard disclosure of a significant passive investment by a major asset manager, BlackRock, in REVOLVE GROUP, INC. It does not provide specific insights into broader industry trends or competitive landscape beyond indicating BlackRock's investment allocation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Authorization Update | BlackRock, Inc. issued a new Power of Attorney, dated January 21, 2025, which revokes a previous Power of Attorney dated April 30, 2023. This new document authorizes specific individuals to execute and file various ownership and control-person reports with regulatory authorities on behalf of BlackRock and its affiliates. | 2025-01-21 | This is an internal corporate governance update for BlackRock, ensuring proper authorization for SEC and other regulatory filings. It does not directly impact the corporate governance of REVOLVE GROUP, INC. |
Stakeholder Impact
- For shareholders of REVOLVE GROUP, INC., BlackRock's significant stake (7.1%) may be viewed as a vote of confidence from a major institutional investor, potentially signaling stability or long-term interest in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was revoked. |
| 2025-01-21 | Date of the new Power of Attorney authorizing individuals to execute SEC filings on behalf of BlackRock, Inc. |
| 2025-03-31 | Date of event which requires the filing of this Schedule 13G statement, reflecting the beneficial ownership position. |
| 2025-04-24 | Date the Schedule 13G was signed by BlackRock, Inc. |
Keywords
BlackRock, REVOLVE GROUP INC, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
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