Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 69,605 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 69,605 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,173,210. The trade was a 48.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The shares were sold at an average price of $30.50, for a total transaction of $1,402,603.50.
• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20.
• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The shares were sold at an average price of $34.87, for a total value of $3,432,219.23.
• On Monday, December 2nd, Michael Mente sold 90,266 shares of Revolve Group stock. The stock was sold at an average price of $35.80, for a total value of $3,231,522.80.
• 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 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The stock was sold at an average price of $33.41, for a total transaction of $2,465,090.03.
• 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 Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The stock was 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 shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72.

Revolve Group Trading Down 5.4 %

Shares of NYSE:RVLV opened at $29.24 on Friday. Revolve Group, Inc. has a 52 week low of $13.96 and a 52 week high of $39.58. The company’s 50 day moving average is $33.98 and its two-hundred day moving average is $25.95. The company has a market cap of $2.07 billion, a PE ratio of 52.21, a P/E/G ratio of 2.34 and a beta of 2.18.

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

Institutional Investors Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd increased its stake in Revolve Group by 148.4% in the second quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after purchasing an additional 23,652 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after buying an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of Revolve Group in the 3rd quarter valued at $2,276,000. Farther Finance Advisors LLC raised its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in Revolve Group in the third quarter valued at $1,509,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analyst Ratings Changes

RVLV has been the subject of several research analyst reports. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their target price on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.07.

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.