Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 47,940 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 47,940 shares of the firm’s stock in a transaction dated Wednesday, July 21st. The stock was sold at an average price of $68.21, for a total transaction of $3,269,987.40. Following the completion of the sale, the chief executive officer now directly owns 500 shares of the company’s stock, valued at $34,105. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, July 19th, Michael Mente sold 119,513 shares of Revolve Group stock. The stock was sold at an average price of $64.45, for a total transaction of $7,702,612.85.
  • On Thursday, July 8th, Michael Mente sold 105,059 shares of Revolve Group stock. The stock was sold at an average price of $64.46, for a total transaction of $6,772,103.14.
  • On Tuesday, July 6th, Michael Mente sold 76,487 shares of Revolve Group stock. The stock was sold at an average price of $70.02, for a total transaction of $5,355,619.74.
  • On Wednesday, June 23rd, Michael Mente sold 92,627 shares of Revolve Group stock. The stock was sold at an average price of $66.40, for a total transaction of $6,150,432.80.
  • On Monday, June 21st, Michael Mente sold 83,797 shares of Revolve Group stock. The stock was sold at an average price of $61.78, for a total transaction of $5,176,978.66.
  • On Wednesday, June 9th, Michael Mente sold 107,911 shares of Revolve Group stock. The stock was sold at an average price of $56.31, for a total transaction of $6,076,468.41.
  • On Monday, June 7th, Michael Mente sold 91,053 shares of Revolve Group stock. The stock was sold at an average price of $54.34, for a total transaction of $4,947,820.02.
  • On Wednesday, May 26th, Michael Mente sold 120,672 shares of Revolve Group stock. The stock was sold at an average price of $54.18, for a total transaction of $6,538,008.96.
  • On Monday, May 24th, Michael Mente sold 39,989 shares of Revolve Group stock. The stock was sold at an average price of $49.34, for a total transaction of $1,973,057.26.
  • On Wednesday, May 12th, Michael Mente sold 38,582 shares of Revolve Group stock. The stock was sold at an average price of $47.05, for a total transaction of $1,815,283.10.

Shares of NYSE RVLV opened at $68.25 on Thursday. The company’s 50-day moving average is $60.41. The stock has a market cap of $4.93 billion, a P/E ratio of 66.26, a PEG ratio of 5.02 and a beta of 2.66. Revolve Group, Inc. has a 52-week low of $15.47 and a 52-week high of $73.38.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Thursday, May 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.17. The firm had revenue of $178.91 million for the quarter, compared to the consensus estimate of $156.28 million. Revolve Group had a net margin of 12.21% and a return on equity of 36.19%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. Analysts forecast that Revolve Group, Inc. will post 0.86 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. B. Riley increased their price target on shares of Revolve Group from $58.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 29th. Cowen increased their price target on shares of Revolve Group from $45.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, April 12th. Piper Sandler increased their price target on shares of Revolve Group from $53.00 to $58.00 in a research note on Friday, May 7th. BTIG Research increased their price target on shares of Revolve Group from $50.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, May 7th. Finally, Morgan Stanley increased their price target on shares of Revolve Group from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, May 10th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.69.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hodges Capital Management Inc. boosted its holdings in shares of Revolve Group by 9.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 115,164 shares of the company’s stock valued at $7,935,000 after acquiring an additional 9,902 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Revolve Group by 34.9% during the 1st quarter. Principal Financial Group Inc. now owns 994,349 shares of the company’s stock valued at $44,676,000 after acquiring an additional 257,146 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Revolve Group in the first quarter worth approximately $1,180,000. Paloma Partners Management Co purchased a new position in shares of Revolve Group in the first quarter worth approximately $910,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Revolve Group by 13.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 34,036 shares of the company’s stock worth $1,530,000 after buying an additional 3,954 shares during the last quarter. 44.88% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates through two segments, REVOLVE and FORWARD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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Insider Buying and Selling by Quarter for Revolve Group (NYSE:RVLV)

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