Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 62,441 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 62,441 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,496,600. The trade was a 46.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 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 transaction of $2,515,497.60.
• On Wednesday, November 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The stock was 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 value 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 value of $528,679.35.
• On Thursday, October 17th, Michael Mente sold 48,346 shares of Revolve Group stock. The stock was 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 shares were sold at an average price of $25.95, for a total transaction of $937,158.30.

Revolve Group Trading Up 1.0 %

RVLV opened at $34.10 on Friday. The business has a 50 day moving average of $31.96 and a 200-day moving average of $24.42. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 60.89, a P/E/G ratio of 2.34 and a beta of 2.19. Revolve Group, Inc. has a 1-year low of $13.96 and a 1-year high of $39.58.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same period last year, the business posted $0.04 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Revolve Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Revolve Group by 91.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares during the period. Quarry LP acquired a new stake in Revolve Group during the second quarter worth $68,000. American Century Companies Inc. bought a new stake in Revolve Group in the 2nd quarter valued at $165,000. Finally, nVerses Capital LLC acquired a new position in shares of Revolve Group in the 3rd quarter valued at $171,000. 67.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Evercore ISI upped their price target 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. Stifel Nicolaus lifted their price target on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Piper Sandler increased their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Finally, UBS Group boosted their target price on shares of Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.25.

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.