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 business’s stock in a transaction 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 sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,226,500. The trade was a 38.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $2,072,140.85.
• 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 transaction 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 shares were 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 shares were 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 shares were 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 transaction of $6,286,000.00.
• On Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The stock was 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 shares were sold at an average price of $26.32, for a total value of $1,272,466.72.

Revolve Group Price Performance

NYSE RVLV traded down $1.67 on Friday, reaching $29.24. The company had a trading volume of 1,181,265 shares, compared to its average volume of 1,292,738. The firm has a market capitalization of $2.07 billion, a PE ratio of 52.21, a P/E/G ratio of 2.34 and a beta of 2.18. The firm has a 50-day moving average of $33.98 and a 200-day moving average of $25.95. Revolve Group, Inc. has a 1 year low of $13.96 and a 1 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 for the quarter, beating the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen increased their price objective on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. 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 note on Wednesday, November 6th. Evercore ISI lifted their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.93.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently modified their holdings of RVLV. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP acquired a new stake in shares of Revolve Group during the second quarter worth approximately $68,000. nVerses Capital LLC bought a new stake in shares of Revolve Group in the third quarter worth $171,000. Finally, LMR Partners LLP acquired a new stake in Revolve Group in the third quarter valued at $228,000. 67.60% of the stock is 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.