RTTNews | Mar 15, 2021 10:10AM EDT

10:09 Monday, March 15, 2021 (RTTNews.com) - Shares of Revolve Group Inc. (RVLV) hit a 52-week high of $53.06 Monday morning, and are currently trading at $51.72, up $4.02 or 8.40%, with trading volume rising over 606K versus an average volume of 1.17 million shares.

There are no recent company-specific news that could be attributed to today's stock movement.

Last month, the company reported Q4 net income of $18.96 million or $0.26 per share compared with $8.41 million or $0.12 per share in the comparable quarter last year. On average, 18 analysts polled by Thomson Reuters expected earnings of $0.11 per share. Analysts' estimate typically exclude certain special items.

Net sales dropped to $140.75 million from $147.56 million in the same quarter a year ago, but came in better than the consensus estimate of $135.28 million.

"With our cash position more than doubling during 2020 and a clean inventory position as we enter 2021, we are focused on capitalizing on the exciting opportunities ahead," said co-founder and co-CEO Mike Karanikolas.

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