Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 73,783 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 73,783 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $33.41, for a total transaction of $2,465,090.03. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,438,930. This trade represents a 50.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Michael Mente also recently made the following trade(s):

• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The shares were sold at an average price of $35.20, for a total value of $2,515,497.60.
• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00.
• On Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The shares were sold at an average price of $25.95, for a total value of $528,679.35.
• On Thursday, October 17th, Michael Mente sold 48,346 shares of Revolve Group stock. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72.
• On Tuesday, October 15th, Michael Mente sold 36,114 shares of Revolve Group stock. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30.
• On Wednesday, September 18th, Michael Mente sold 456 shares of Revolve Group stock. The shares were sold at an average price of $25.93, for a total transaction of $11,824.08.

Revolve Group Stock Performance

Shares of RVLV stock opened at $34.99 on Friday. Revolve Group, Inc. has a 1 year low of $13.24 and a 1 year high of $35.86. The business’s fifty day moving average is $27.30 and its 200-day moving average is $22.22. The stock has a market cap of $2.48 billion, a PE ratio of 62.48, a price-to-earnings-growth ratio of 2.20 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same period in the previous year, the company earned $0.04 earnings per share. Revolve Group’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RVLV. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. TD Cowen boosted their price objective on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group increased their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.19.

Institutional Trading of Revolve Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Precision Wealth Strategies LLC increased its holdings in shares of Revolve Group by 3.3% in the third quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock valued at $316,000 after buying an additional 407 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Revolve Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after purchasing an additional 1,227 shares during the period. Versor Investments LP lifted its holdings in shares of Revolve Group by 9.0% during the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after purchasing an additional 1,405 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after purchasing an additional 1,940 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.