Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 44,962 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 44,962 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,257,890. This trade represents a 38.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The shares were sold at an average price of $30.48, for a total value of $2,024,268.24.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The stock was sold at an average price of $30.50, for a total value of $1,402,603.50.
• 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 value of $2,135,482.20.
• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The shares were sold at an average price of $34.14, for a total value of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The shares were 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 stock was sold at an average price of $35.80, for a total value 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 stock was 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 value of $6,286,000.00.

Revolve Group Trading Down 3.8 %

NYSE:RVLV traded down $1.17 on Wednesday, hitting $30.07. The company had a trading volume of 936,140 shares, compared to its average volume of 1,114,752. The firm has a 50 day moving average of $33.64 and a two-hundred day moving average of $27.45. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 53.69, a PEG ratio of 1.58 and a beta of 2.18. Revolve Group, Inc. has a 52 week low of $14.04 and a 52 week high of $39.58.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price target on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus raised their target price on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. BTIG Research boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.60.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. purchased a new position in shares of Revolve Group in the 2nd quarter worth about $165,000. Dimensional Fund Advisors LP lifted its position in shares of Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after acquiring an additional 123,745 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Revolve Group during the 2nd quarter valued at about $260,000. Sei Investments Co. lifted its stake in Revolve Group by 14.1% in the 2nd quarter. Sei Investments Co. now owns 176,593 shares of the company’s stock worth $2,810,000 after purchasing an additional 21,821 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares during the last quarter. 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.