Revolve Group (NYSE:RVLV) CEO Michael Mente Sells 60,923 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 60,923 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $26.43, for a total value of $1,610,194.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, April 29th, Michael Mente sold 15,640 shares of Revolve Group stock. The stock was sold at an average price of $26.00, for a total value of $406,640.00.
• On Tuesday, April 28th, Michael Mente sold 42,678 shares of Revolve Group stock. The stock was sold at an average price of $26.35, for a total value of $1,124,565.30.
• On Thursday, April 9th, Michael Mente sold 15,972 shares of Revolve Group stock. The shares were sold at an average price of $25.90, for a total transaction of $413,674.80.
• On Wednesday, February 11th, Michael Mente sold 15,645 shares of Revolve Group stock. The stock was sold at an average price of $26.13, for a total transaction of $408,803.85.

Revolve Group Stock Performance

Shares of RVLV opened at $25.79 on Thursday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.64 and a beta of 1.80. Revolve Group, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $31.68. The firm has a 50 day moving average price of $24.36 and a 200-day moving average price of $25.50.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $324.37 million during the quarter, compared to analysts’ expectations of $305.83 million. Revolve Group had a net margin of 5.03% and a return on equity of 12.12%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. As a group, equities research analysts predict that Revolve Group, Inc. will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Revolve Group during the fourth quarter worth about $40,000. State of Alaska Department of Revenue purchased a new position in Revolve Group during the 3rd quarter valued at about $46,000. Quarry LP increased its holdings in Revolve Group by 6,932.1% during the 3rd quarter. Quarry LP now owns 3,727 shares of the company’s stock valued at $79,000 after purchasing an additional 3,674 shares during the period. Atlantic Union Bankshares Corp bought a new position in Revolve Group during the 3rd quarter valued at approximately $125,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Revolve Group by 50.0% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,500 shares of the company’s stock worth $136,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RVLV. Zacks Research cut Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. KeyCorp reissued an “overweight” rating on shares of Revolve Group in a research note on Wednesday, February 25th. Roth Mkm restated a “buy” rating and set a $33.00 target price (up from $30.00) on shares of Revolve Group in a report on Wednesday, February 25th. UBS Group set a $27.00 price target on Revolve Group in a research note on Tuesday, January 13th. Finally, Piper Sandler boosted their price objective on Revolve Group from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.