Ever since the vaccines were approved back in November of last year, tons of stocks considered "reopening" plays have soared in value. One of these companies is Revolve Group (NYSE: RVLV) , an online fashion retailer that focuses on selling dresses and other apparel for social events. The stock is up a whopping 320% in the last 12 months and 114% year to date , significantly outpacing the broad market indexes. With shares near all-time highs, should investors be cashing out?
Revolve Group is an online retailer focused on serving millennial and gen Z women. It calls itself a "premium lifestyle brand," which means it sells expensive apparel, dresses, footwear, and beauty products with a focus on items meant for social occasions. The strategy it has used to consistently grow sales (outside of 2020) is to partner with thousands of global fashion influencers to market its products.
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At All-Time Highs, Is It Time to Sell Revolve Group?