Michael Mente Sells 36,114 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 36,114 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.95, for a total value of $937,158.30. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,894,350. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• 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 value of $11,824.08.

Revolve Group Stock Performance

RVLV stock opened at $26.53 on Friday. Revolve Group, Inc. has a 1 year low of $12.42 and a 1 year high of $26.72. The firm has a market cap of $1.87 billion, a P/E ratio of 58.96, a price-to-earnings-growth ratio of 2.49 and a beta of 2.05. The stock has a 50-day simple moving average of $23.98 and a 200-day simple moving average of $20.49.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $282.50 million during the quarter, compared to analyst estimates of $277.06 million. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Revolve Group, Inc. will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Revolve Group

A number of large investors have recently modified their holdings of RVLV. Westfield Capital Management Co. LP acquired a new stake in shares of Revolve Group in the first quarter valued at about $33,735,000. Norden Group LLC grew its stake in Revolve Group by 2,269.6% during the 1st quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after purchasing an additional 351,704 shares in the last quarter. Marshall Wace LLP grew its stake in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after purchasing an additional 280,151 shares in the last quarter. Comerica Bank grew its stake in Revolve Group by 12,630.9% during the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after purchasing an additional 178,475 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after purchasing an additional 138,600 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $30.00 target price on shares of Revolve Group in a research report on Friday, August 23rd. TD Cowen increased their target price on Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. UBS Group increased their target price on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays increased their target price on Revolve Group from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI increased their target price on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.81.

About Revolve Group

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.