Michael Mente Sells 456 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 456 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $25.93, for a total transaction of $11,824.08. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $1,892,890. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Revolve Group Price Performance

Shares of RVLV stock opened at $25.48 on Friday. The company has a market capitalization of $1.80 billion, a P/E ratio of 74.94, a P/E/G ratio of 2.28 and a beta of 2.04. The company’s 50-day simple moving average is $21.48 and its two-hundred day simple moving average is $19.89. Revolve Group, Inc. has a one year low of $12.25 and a one year high of $25.96.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data 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 net margin of 3.08% and a return on equity of 8.35%. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, research analysts expect that Revolve Group, Inc. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on RVLV shares. BTIG Research upped their price target on shares of Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Wedbush reiterated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. Evercore ISI upped their price target on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a report on Friday, August 23rd. Finally, TD Cowen upped their price target on shares of Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Revolve Group presently has an average rating of “Hold” and a consensus price target of $21.44.

Hedge Funds Weigh In On Revolve Group

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in shares of Revolve Group by 80.9% during the fourth quarter. BNP Paribas Financial Markets now owns 176,222 shares of the company’s stock valued at $2,922,000 after purchasing an additional 78,828 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Revolve Group by 51.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after acquiring an additional 229,964 shares in the last quarter. Madison Asset Management LLC boosted its stake in Revolve Group by 40.4% in the fourth quarter. Madison Asset Management LLC now owns 197,982 shares of the company’s stock valued at $3,283,000 after acquiring an additional 56,976 shares in the last quarter. Comerica Bank boosted its stake in Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after acquiring an additional 178,475 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in Revolve Group in the first quarter valued at approximately $1,591,000. 67.60% of the stock is currently owned by institutional investors.

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.