Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 67,118 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 67,118 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,256,430. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 12th, Michael Mente sold 65,722 shares of Revolve Group stock. The stock was sold at an average price of $30.10, for a total value of $1,978,232.20.
• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The stock was sold at an average price of $30.48, for a total value of $2,024,268.24.
• On Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The stock was 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 shares were 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 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 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 shares were sold at an average price of $35.20, for a total value of $2,515,497.60.

Revolve Group Price Performance

Shares of NYSE RVLV opened at $30.97 on Friday. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year high of $39.58. The business has a 50-day moving average of $32.30 and a 200-day moving average of $28.54. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 1.57 and a beta of 2.17.

Analysts Set New Price Targets

A number of brokerages have recently commented on RVLV. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. UBS Group boosted 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. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research report on Thursday, January 23rd. Finally, Evercore ISI boosted their price target on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RVLV. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 804 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in Revolve Group in the fourth quarter valued at about $50,000. Northwest & Ethical Investments L.P. purchased a new position in Revolve Group in the fourth quarter valued at about $87,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Revolve Group in the fourth quarter valued at about $117,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.