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

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 62,441 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,496,600. This trade represents a 46.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 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.
• On Tuesday, October 15th, Michael Mente sold 36,114 shares of Revolve Group stock. The stock was sold at an average price of $25.95, for a total value of $937,158.30.

Revolve Group Trading Up 1.0 %

RVLV traded up $0.34 during trading on Friday, reaching $34.10. 1,654,870 shares of the company were exchanged, compared to its average volume of 1,019,838. Revolve Group, Inc. has a 52 week low of $13.96 and a 52 week high of $39.58. The firm has a 50 day moving average of $31.96 and a 200 day moving average of $24.42. The stock has a market cap of $2.41 billion, a P/E ratio of 60.89, a PEG ratio of 2.34 and a beta of 2.19.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data 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. The business had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. As a group, analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RVLV has been the subject of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Roth Mkm restated a “buy” rating and issued a $35.00 price target (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. BTIG Research raised their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI upped their target price on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler lifted their price target on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.25.

Institutional Investors Weigh In On Revolve Group

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares in the last quarter. Quarry LP acquired a new position in Revolve Group during the 2nd quarter valued at about $68,000. American Century Companies Inc. bought a new stake in shares of Revolve Group during the 2nd quarter worth about $165,000. Finally, nVerses Capital LLC bought a new stake in shares of Revolve Group during the 3rd quarter worth about $171,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.