Michael Mente Sells 45,987 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 45,987 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,226,500. This represents a 38.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 transaction 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 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 stock was 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 shares were 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 stock was 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 shares were 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.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $29.24 on Friday. The stock has a market cap of $2.07 billion, a P/E ratio of 52.21, a P/E/G ratio of 2.34 and a beta of 2.18. The stock’s fifty day moving average is $34.07 and its 200 day moving average is $26.11. Revolve Group, Inc. has a one year low of $13.96 and a one year high of $39.58.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm 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 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 earnings per share. Analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RVLV. Robert W. Baird upped their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus upped their price target on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Piper Sandler lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley restated an “equal weight” rating and set a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, TD Cowen lifted their price target on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Revolve Group presently has a consensus rating of “Moderate Buy” and an average price target of $29.07.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position 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 valued at $28,000 after purchasing an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Revolve Group by 91.1% during 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 during the period. Quarry LP purchased a new position in shares of Revolve Group in the second quarter valued at about $68,000. nVerses Capital LLC bought a new position in shares of Revolve Group in the third quarter worth about $171,000. Finally, LMR Partners LLP purchased a new stake in shares of Revolve Group during the third quarter worth about $228,000. Hedge funds and other institutional investors 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.