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

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

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 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 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 stock was 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 shares were 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.

Revolve Group Trading Up 4.7 %

Shares of RVLV opened at $31.38 on Friday. The stock has a 50 day simple moving average of $33.57 and a 200-day simple moving average of $27.48. The stock has a market cap of $2.22 billion, a PE ratio of 56.03, a PEG ratio of 1.58 and a beta of 2.18. Revolve Group, Inc. has a 1 year low of $14.04 and a 1 year high of $39.58.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same period last year, the business earned $0.04 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after buying an additional 158,960 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after purchasing an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in Revolve Group in the 3rd quarter valued at $2,276,000. Farther Finance Advisors LLC boosted its stake in Revolve Group by 249.7% in the third 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. Finally, Barclays PLC grew its holdings in shares of Revolve Group by 156.7% during the third quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RVLV. Barclays raised 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. Roth Mkm reiterated a “buy” rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. UBS Group increased their price objective on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Piper Sandler boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased their price target on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.60.

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.