Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 45,987 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 45,987 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $30.50, for a total transaction of $1,402,603.50. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,226,500. This represents a 38.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 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 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 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 transaction 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 transaction 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.
• 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.

Revolve Group Stock Down 5.4 %

NYSE:RVLV traded down $1.67 during trading hours on Friday, reaching $29.24. 1,181,265 shares of the company’s stock were exchanged, compared to its average volume of 1,292,738. Revolve Group, Inc. has a 1-year low of $13.96 and a 1-year high of $39.58. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 52.21, a P/E/G ratio of 2.34 and a beta of 2.18. The company has a 50-day moving average of $33.98 and a 200 day moving average of $25.95.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on RVLV. BTIG Research boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. UBS Group boosted their target price on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Evercore ISI upped their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased their price objective on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RVLV. Farther Finance Advisors LLC lifted its holdings in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP acquired a new stake in shares of Revolve Group in the 2nd quarter worth $68,000. nVerses Capital LLC purchased a new stake in shares of Revolve Group in the third quarter valued at about $171,000. Finally, LMR Partners LLP acquired a new position in shares of Revolve Group during the third quarter worth about $228,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.