Revolve Group, Inc. (NYSE:RVLV) CEO Sells $2,465,090.03 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 73,783 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $33.41, for a total value of $2,465,090.03. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,438,930. This trade represents a 50.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60.
• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00.
• On Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The shares were sold at an average price of $25.95, for a total transaction of $528,679.35.
• On Thursday, October 17th, Michael Mente sold 48,346 shares of Revolve Group stock. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72.
• On Tuesday, October 15th, Michael Mente sold 36,114 shares of Revolve Group stock. The shares were sold at an average price of $25.95, for a total value of $937,158.30.
• On Wednesday, September 18th, Michael Mente sold 456 shares of Revolve Group stock. The stock was sold at an average price of $25.93, for a total value of $11,824.08.

Revolve Group Trading Up 0.6 %

Shares of RVLV stock opened at $35.02 on Friday. Revolve Group, Inc. has a 12-month low of $13.24 and a 12-month high of $35.86. The stock has a market capitalization of $2.48 billion, a P/E ratio of 62.54, a P/E/G ratio of 2.20 and a beta of 2.05. The firm’s 50 day moving average is $27.30 and its 200 day moving average is $22.23.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS. As a group, equities analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RVLV. TD Cowen upped their price target on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BTIG Research increased their price target 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. Piper Sandler lifted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Roth Mkm restated a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their target price on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.19.

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently made changes to their positions in RVLV. Farther Finance Advisors LLC grew its position in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after acquiring an additional 1,940 shares during the last quarter. Quarry LP bought a new stake in shares of Revolve Group during the 2nd quarter valued at $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group in the 2nd quarter worth $165,000. Finally, nVerses Capital LLC bought a new position in Revolve Group in the 3rd quarter worth $171,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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.