Michael Mente Sells 66,413 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 66,413 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $30.48, for a total value of $2,024,268.24. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,225,040. This represents a 47.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The shares were 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 shares were sold at an average price of $29.77, for a total transaction of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The stock was sold at an average price of $30.50, for a total transaction of $1,402,603.50.
• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The stock was 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 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 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 stock was 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 transaction of $6,286,000.00.

Revolve Group Stock Performance

Shares of RVLV opened at $30.07 on Thursday. The firm has a market cap of $2.13 billion, a P/E ratio of 53.69, a price-to-earnings-growth ratio of 1.58 and a beta of 2.18. Revolve Group, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $39.58. The business has a 50-day moving average of $33.64 and a 200 day moving average of $27.45.

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, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, research analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after purchasing an additional 123,745 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Revolve Group by 141.2% in the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the period. JPMorgan Chase & Co. grew its stake in Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after acquiring an additional 158,960 shares in the last quarter. Millennium Management LLC increased its holdings in Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after acquiring an additional 138,600 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Revolve Group by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after purchasing an additional 2,963 shares in the last quarter. 67.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RVLV has been the topic of a number of recent research reports. TD Cowen raised their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. BTIG Research upped their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Thursday, January 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, Evercore ISI lifted their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Revolve Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.60.

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.