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

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 45,987 shares of Revolve Group stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $30.50, for a total value of $1,402,603.50. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,226,500. The trade was a 38.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 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 transaction 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 stock was 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.
• 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 stock was 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 shares were sold at an average price of $25.95, for a total transaction 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.

Revolve Group Stock Performance

NYSE:RVLV opened at $29.24 on Friday. The firm’s fifty day moving average is $33.98 and its two-hundred day moving average is $25.95. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 52.21, a PEG ratio of 2.34 and a beta of 2.18. Revolve Group, Inc. has a one year low of $13.96 and a one year high of $39.58.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Piper Sandler increased their price objective on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley reiterated 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. Roth Mkm restated a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. TD Cowen increased their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, BTIG Research boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.07.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. grew its position 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 acquiring an additional 1,940 shares during the period. Quarry LP purchased a new position in shares of Revolve Group in the 2nd quarter valued at about $68,000. nVerses Capital LLC acquired a new position in Revolve Group in the 3rd quarter worth about $171,000. Finally, LMR Partners LLP purchased a new position in Revolve Group during the third quarter worth approximately $228,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.