Revolve Group, Inc. (NYSE:RVLV) CEO Sells $6,286,000.00 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 200,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 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 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 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 Price Performance

Shares of NYSE RVLV 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. Revolve Group, Inc. has a twelve month low of $12.63 and a twelve month high of $33.82. The firm has a market cap of $2.35 billion, a P/E ratio of 72.04, a PEG ratio of 2.43 and a beta of 2.05. The stock’s 50 day moving average price is $24.47 and its 200-day moving average price is $21.01.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. On average, 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 weighed in on the stock. Piper Sandler upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI upped their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday. UBS Group increased their target price on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. 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. Finally, Robert W. Baird raised their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Revolve Group has a consensus rating of “Hold” and a consensus price target of $26.19.

Institutional Trading of Revolve Group

A number of institutional investors have recently made changes to their positions in the stock. Lisanti Capital Growth LLC acquired a new stake in shares of Revolve Group in the third quarter valued at $2,276,000. Los Angeles Capital Management LLC lifted its holdings in Revolve Group by 17.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after acquiring an additional 5,011 shares during the last quarter. BloombergSen Inc. boosted its position in shares of Revolve Group by 39.1% during the 3rd quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock valued at $873,000 after purchasing an additional 9,904 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after purchasing an additional 33,812 shares during the last quarter. Finally, Farther Finance Advisors LLC raised 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 worth $28,000 after purchasing an additional 804 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

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.