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 Revolve Group stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $1,894,350. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 transaction 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 transaction of $11,824.08.

Revolve Group Trading Up 27.8 %

RVLV stock traded up $7.24 during midday trading on Wednesday, hitting $33.26. 3,986,205 shares of the company’s stock were exchanged, compared to its average volume of 1,011,038. The stock has a market capitalization of $2.35 billion, a PE ratio of 72.04, a P/E/G ratio of 2.43 and a beta of 2.05. The business has a 50-day simple moving average of $24.47 and a two-hundred day simple moving average of $21.01. Revolve Group, Inc. has a 1-year low of $12.63 and a 1-year high of $33.82.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $283.15 million during the quarter, compared to the consensus estimate of $271.08 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. As a group, research analysts expect that Revolve Group, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI raised their price target on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday. Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $17.00 to $25.00 in a report on Wednesday. Roth Mkm reissued a “buy” rating and set a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday. Finally, UBS Group upped their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday. One investment 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. Based on data from MarketBeat.com, Revolve Group presently has an average rating of “Hold” and an average price target of $26.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Revolve Group by 249.7% in the 3rd 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. lifted its position in shares of Revolve Group by 91.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after acquiring an additional 1,940 shares in the last quarter. Quarry LP acquired a new stake in Revolve Group during the second quarter worth approximately $68,000. American Century Companies Inc. purchased a new stake in Revolve Group in the 2nd quarter valued at about $165,000. Finally, nVerses Capital LLC acquired a new stake in shares of Revolve Group during the 3rd quarter worth $171,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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.