Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 76,835 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 76,835 shares of Revolve Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,492,220. This trade represents a 51.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The stock was sold at an average price of $34.87, for a total transaction of $3,432,219.23.
• On Monday, December 2nd, Michael Mente sold 90,266 shares of Revolve Group stock. The shares were sold at an average price of $35.80, for a total transaction of $3,231,522.80.
• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The stock was sold at an average price of $35.20, for a total value of $2,515,497.60.
• On Wednesday, November 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The shares were sold at an average price of $33.41, for a total value of $2,465,090.03.
• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The shares were sold at an average price of $31.43, for a total transaction 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 value 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.

Revolve Group Trading Up 1.0 %

Shares of NYSE RVLV opened at $34.10 on Monday. Revolve Group, Inc. has a 12-month low of $13.96 and a 12-month high of $39.58. The stock has a market cap of $2.41 billion, a P/E ratio of 60.89, a PEG ratio of 2.34 and a beta of 2.19. The business’s fifty day simple moving average is $31.96 and its 200-day simple moving average is $24.46.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. On average, equities analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on RVLV shares. Evercore ISI lifted their target price on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. TD Cowen lifted their price objective on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BTIG Research increased their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird increased their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Revolve Group currently has a consensus rating of “Hold” and an average target price of $27.25.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Revolve Group by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 163,495 shares of the company’s stock valued at $2,601,000 after purchasing an additional 12,094 shares during the last quarter. BloombergSen Inc. increased its stake in Revolve Group by 21.6% in the second quarter. BloombergSen Inc. now owns 25,335 shares of the company’s stock valued at $403,000 after purchasing an additional 4,500 shares during the period. Versor Investments LP raised its holdings in shares of Revolve Group by 9.0% in the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after buying an additional 1,405 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Revolve Group during the second quarter worth about $456,000. Finally, Pier 88 Investment Partners LLC acquired a new position in Revolve Group in the 2nd quarter valued at about $182,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

About Revolve Group

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.