Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 45,987 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 45,987 shares of Revolve Group stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $30.50, for a total transaction of $1,402,603.50. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,226,500. This represents a 38.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85.
• 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 value 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 transaction 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 value 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 shares were sold at an average price of $26.32, for a total value of $1,272,466.72.

Revolve Group Price Performance

RVLV stock opened at $29.24 on Friday. Revolve Group, Inc. has a 1-year low of $13.96 and a 1-year high of $39.58. The business has a 50-day moving average price of $34.07 and a 200 day moving average price of $26.11. The company has a market capitalization of $2.07 billion, a P/E ratio of 52.21, a PEG ratio of 2.34 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The business 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 business’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. On average, analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

Several hedge funds have recently modified their holdings of RVLV. Farther Finance Advisors LLC raised its stake in shares of 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. Benjamin F. Edwards & Company Inc. increased its position in shares of Revolve Group by 91.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares in the last quarter. Quarry LP purchased a new stake in shares of Revolve Group during the 2nd quarter valued at $68,000. nVerses Capital LLC purchased a new stake in shares of Revolve Group during the 3rd quarter valued at $171,000. Finally, LMR Partners LLP purchased a new position in Revolve Group during the 3rd quarter worth $228,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on RVLV shares. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $17.00 to $25.00 in a research note on Wednesday, November 6th. BTIG Research increased 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, November 6th. UBS Group boosted their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and issued a $35.00 price target (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price target on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.07.

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.