Revolve Group, Inc. (NYSE:RVLV) CEO Sells $1,978,232.20 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 65,722 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.10, for a total transaction of $1,978,232.20. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,197,300. This trade represents a 47.38 % decrease in their position. 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 Friday, February 14th, Michael Mente sold 67,118 shares of Revolve Group stock. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38.
• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The shares were sold at an average price of $30.48, for a total transaction of $2,024,268.24.
• 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 transaction of $1,390,674.66.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The stock was 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 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 stock was sold at an average price of $34.87, for a total transaction 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 transaction 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.

Revolve Group Stock Down 1.9 %

Revolve Group stock opened at $30.97 on Friday. The stock has a market cap of $2.19 billion, a P/E ratio of 55.30, a P/E/G ratio of 1.57 and a beta of 2.17. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company’s 50-day moving average price is $32.30 and its two-hundred day moving average price is $28.54.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Revolve Group by 83.4% in the 3rd 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 during the period. Harbor Capital Advisors Inc. grew its position in shares of Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after purchasing an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of Revolve Group during the 3rd quarter worth approximately $2,276,000. 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. Finally, Barclays PLC grew its position in shares of Revolve Group by 156.7% during the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares in the last quarter. 67.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RVLV. TD Cowen increased their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $17.00 to $25.00 in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Evercore ISI increased their price objective 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. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.