Michael Mente Sells 66,413 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 66,413 shares of Revolve Group stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $30.48, for a total transaction of $2,024,268.24. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,225,040. This represents a 47.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66.
• 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 transaction of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The shares were 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 value 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 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 transaction 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 Performance

RVLV opened at $31.38 on Friday. The company has a fifty day moving average price of $33.57 and a two-hundred day moving average price of $27.48. The firm has a market capitalization of $2.22 billion, a PE ratio of 56.03, a P/E/G ratio of 1.58 and a beta of 2.18. Revolve Group, Inc. has a 52 week low of $14.04 and a 52 week high of $39.58.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm 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 10.17% and a net margin of 3.72%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Equities analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RVLV shares. Evercore ISI upped their price target on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price target on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley restated an “equal weight” rating and set a $26.00 price target (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. BTIG Research upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $17.00 to $25.00 in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.60.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in 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 purchasing an additional 804 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group in the fourth quarter valued at approximately $50,000. Quarry LP bought a new stake in shares of Revolve Group during the second quarter worth $68,000. Dakota Wealth Management acquired a new stake in shares of Revolve Group during the fourth quarter worth $211,000. Finally, nVerses Capital LLC bought a new stake in Revolve Group in the 3rd quarter valued at $171,000. 67.60% of the stock is owned by institutional investors.

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.