Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 66,413 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 66,413 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $30.48, for a total value of $2,024,268.24. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,225,040. This represents a 47.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The shares were sold at an average price of $30.93, for a total value of $1,390,674.66.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The stock was 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 shares were 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 stock was 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 stock was sold at an average price of $34.87, for a total value 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 %

Revolve Group stock traded down $1.17 during mid-day trading on Wednesday, hitting $30.07. The stock had a trading volume of 936,140 shares, compared to its average volume of 1,114,752. The firm has a market capitalization of $2.13 billion, a P/E ratio of 53.69, a P/E/G ratio of 1.58 and a beta of 2.18. The firm’s 50 day moving average is $33.64 and its 200 day moving average is $27.45. Revolve Group, Inc. has a one year low of $14.04 and a one year high of $39.58.

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

Analysts Set New Price Targets

Several brokerages have commented on RVLV. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a report on Thursday, January 23rd. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Evercore ISI increased their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. Finally, UBS Group increased their price target on 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 issued a buy rating to the company’s stock. According to MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and an average price target of $29.60.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RVLV. Farther Finance Advisors LLC boosted its stake in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of Revolve Group during the fourth quarter worth $50,000. Quarry LP purchased a new position in Revolve Group in the second quarter valued at $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group during the second quarter worth about $165,000. Finally, nVerses Capital LLC purchased a new stake in shares of Revolve Group during the third quarter worth about $171,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.