Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 44,962 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 44,962 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,257,890. The trade was a 38.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The stock was sold at an average price of $30.48, for a total value of $2,024,268.24.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The stock was 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 stock was 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 shares were sold at an average price of $34.14, for a total transaction of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The stock was 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 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 value 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 value 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.

Revolve Group Stock Down 3.8 %

RVLV opened at $30.07 on Thursday. The business has a fifty day simple moving average of $33.64 and a 200-day simple moving average of $27.45. The firm has a market cap of $2.13 billion, a PE ratio of 53.69, a P/E/G ratio of 1.58 and a beta of 2.18. Revolve Group, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $39.58.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $271.08 million. During the same quarter last year, the business posted $0.04 EPS. Revolve Group’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Revolve Group

Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in Revolve Group by 141.2% during 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 during the period. Polar Asset Management Partners Inc. purchased a new position in shares of Revolve Group during the third quarter valued at $3,982,000. JPMorgan Chase & Co. lifted its stake in Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after acquiring an additional 158,960 shares in the last quarter. Millennium Management LLC lifted its stake in Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after acquiring an additional 138,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Revolve Group by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after acquiring an additional 123,745 shares during the period. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RVLV. Stifel Nicolaus boosted their target price on shares of Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $17.00 to $25.00 in a research report on Wednesday, November 6th. TD Cowen raised their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and set a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Revolve Group has an average rating of “Moderate Buy” and a consensus price target of $29.60.

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.