Revolve Group, Inc. (NYSE:RVLV) CEO Sells $2,465,090.03 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 73,783 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $33.41, for a total value of $2,465,090.03. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,438,930. The trade was a 50.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 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 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 transaction of $1,272,466.72.
• On Tuesday, October 15th, Michael Mente sold 36,114 shares of Revolve Group stock. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30.
• On Wednesday, September 18th, Michael Mente sold 456 shares of Revolve Group stock. The shares were sold at an average price of $25.93, for a total transaction of $11,824.08.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $35.02 on Monday. Revolve Group, Inc. has a 52-week low of $13.24 and a 52-week high of $35.86. The company has a market capitalization of $2.48 billion, a P/E ratio of 62.54, a price-to-earnings-growth ratio of 2.20 and a beta of 2.05. The company has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $22.23.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RVLV shares. UBS Group increased their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. TD Cowen lifted their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating and issued a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.19.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $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% in the second 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 period. Quarry LP acquired a new stake in Revolve Group during the second quarter worth approximately $68,000. American Century Companies Inc. bought a new position in Revolve Group during the 2nd quarter worth $165,000. Finally, nVerses Capital LLC bought a new position in Revolve Group during the 3rd quarter worth $171,000. 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.