Michael Mente Sells 107,911 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 107,911 shares of Revolve Group stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $56.31, for a total value of $6,076,468.41. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $4,110,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, June 7th, Michael Mente sold 91,053 shares of Revolve Group stock. The shares were sold at an average price of $54.34, for a total value of $4,947,820.02.
  • On Wednesday, May 26th, Michael Mente sold 120,672 shares of Revolve Group stock. The shares were sold at an average price of $54.18, for a total value of $6,538,008.96.
  • On Monday, May 24th, Michael Mente sold 39,989 shares of Revolve Group stock. The shares were sold at an average price of $49.34, for a total value of $1,973,057.26.
  • On Wednesday, May 12th, Michael Mente sold 38,582 shares of Revolve Group stock. The stock was sold at an average price of $47.05, for a total value of $1,815,283.10.
  • On Monday, May 10th, Michael Mente sold 200,000 shares of Revolve Group stock. The stock was sold at an average price of $50.96, for a total value of $10,192,000.00.

NYSE:RVLV opened at $55.24 on Friday. Revolve Group, Inc. has a 52-week low of $14.31 and a 52-week high of $60.89. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 3.96 and a beta of 2.67. The company’s fifty day moving average is $50.70.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Thursday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.17. Revolve Group had a return on equity of 36.19% and a net margin of 12.21%. The company had revenue of $178.91 million for the quarter, compared to analyst estimates of $156.28 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities analysts forecast that Revolve Group, Inc. will post 0.83 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Aperture Investors LLC grew its position in Revolve Group by 20.7% during the fourth quarter. Aperture Investors LLC now owns 579,353 shares of the company’s stock worth $18,058,000 after buying an additional 99,280 shares in the last quarter. Blair William & Co. IL purchased a new position in Revolve Group during the fourth quarter worth about $255,000. Russell Investments Group Ltd. grew its position in Revolve Group by 133.8% during the fourth quarter. Russell Investments Group Ltd. now owns 249,499 shares of the company’s stock worth $7,774,000 after buying an additional 142,799 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Revolve Group by 32.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,060 shares of the company’s stock worth $750,000 after buying an additional 5,897 shares in the last quarter. Finally, FDx Advisors Inc. purchased a new position in Revolve Group during the first quarter worth about $382,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Several research firms have weighed in on RVLV. Needham & Company LLC reissued a “hold” rating on shares of Revolve Group in a research report on Monday, February 22nd. Cowen boosted their price objective on Revolve Group from $45.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, April 12th. Piper Sandler boosted their price objective on Revolve Group from $53.00 to $58.00 in a research report on Friday, May 7th. BTIG Research boosted their price objective on Revolve Group from $50.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, May 7th. Finally, Barclays boosted their price objective on Revolve Group from $23.00 to $39.00 in a research report on Thursday, February 25th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Revolve Group currently has an average rating of “Buy” and an average price target of $49.25.

Revolve Group Company Profile

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

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Insider Buying and Selling by Quarter for Revolve Group (NYSE:RVLV)

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