Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells $11,824.08 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 456 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $25.93, for a total value of $11,824.08. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $1,892,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Revolve Group Trading Down 1.2 %

RVLV opened at $25.48 on Monday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 2.28 and a beta of 2.04. Revolve Group, Inc. has a 12-month low of $12.25 and a 12-month high of $25.96. The business’s fifty day simple moving average is $21.48 and its 200-day simple moving average is $19.88.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. On average, equities research analysts predict that Revolve Group, Inc. will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in Revolve Group in the first quarter valued at approximately $45,000. Quarry LP acquired a new stake in shares of Revolve Group in the second quarter worth approximately $68,000. Assetmark Inc. boosted its stake in shares of Revolve Group by 8.3% in the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after acquiring an additional 631 shares during the last quarter. SYSTM Wealth Solutions LLC purchased a new position in Revolve Group during the first quarter worth approximately $216,000. Finally, American Century Companies Inc. purchased a new position in Revolve Group during the second quarter worth approximately $165,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI increased their price objective on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a report on Friday, August 23rd. BTIG Research raised their price target on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird raised their price target on Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Barclays dropped their price objective on Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Revolve Group has an average rating of “Hold” and a consensus target price of $21.44.

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.