Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 62,441 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 62,441 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $34.20, for a total value of $2,135,482.20. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,496,600. The trade was a 46.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 shares were sold at an average price of $35.80, for a total transaction of $3,231,522.80.
• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The stock was 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 shares were 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 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 value 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 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.

Revolve Group Stock Up 1.0 %

Shares of RVLV traded up $0.34 on Friday, hitting $34.10. 1,654,870 shares of the stock traded hands, compared to its average volume of 1,019,838. The firm has a market capitalization of $2.41 billion, a P/E ratio of 60.89, a P/E/G ratio of 2.34 and a beta of 2.19. Revolve Group, Inc. has a 1 year low of $13.96 and a 1 year high of $39.58. The stock’s 50 day moving average is $31.96 and its two-hundred day moving average is $24.42.

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

Institutional Trading of Revolve Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew 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 valued at $10,867,000 after acquiring an additional 123,745 shares during the period. Marshall Wace LLP lifted its stake in shares of Revolve Group by 141.2% in the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after purchasing an additional 280,151 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after purchasing an additional 138,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after purchasing an additional 2,963 shares during the period. Finally, Sei Investments Co. increased its position in Revolve Group by 14.1% during the 2nd quarter. Sei Investments Co. now owns 176,593 shares of the company’s stock worth $2,810,000 after purchasing an additional 21,821 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RVLV has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Roth Mkm restated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Piper Sandler lifted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI increased their price target on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Finally, UBS Group raised their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.25.

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.