Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 20,373 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 20,373 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $25.95, for a total transaction of $528,679.35. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,894,350. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The shares were sold at an average price of $31.43, for a total transaction of $6,286,000.00.
• 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 value 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 Stock Up 27.8 %

Revolve Group stock opened at $33.26 on Thursday. The firm has a market capitalization of $2.35 billion, a PE ratio of 73.91, a P/E/G ratio of 2.43 and a beta of 2.05. The firm’s 50-day simple moving average is $24.47 and its 200 day simple moving average is $21.01. Revolve Group, Inc. has a 52 week low of $12.63 and a 52 week high of $33.82.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. Revolve Group’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. On average, research analysts expect that Revolve Group, Inc. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RVLV. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $17.00 to $25.00 in a research report on Wednesday. UBS Group upped their price objective on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird lifted their target price on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. BTIG Research upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. One research analyst has 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 MarketBeat.com, Revolve Group currently has a consensus rating of “Hold” and a consensus target price of $26.19.

Hedge Funds Weigh In On Revolve Group

Institutional investors have recently modified their holdings of the company. Westfield Capital Management Co. LP purchased a new position in shares of Revolve Group during the 1st quarter worth $33,735,000. Dimensional Fund Advisors LP increased its position in Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after purchasing an additional 123,745 shares during the last quarter. Marshall Wace LLP raised its stake in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after purchasing an additional 280,151 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in shares of Revolve Group by 55.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after purchasing an additional 134,775 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after buying an additional 138,600 shares during the period. Institutional investors and hedge funds 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.