Michael Mente Sells 456 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 456 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $25.93, for a total transaction of $11,824.08. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,892,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Revolve Group Stock Performance

RVLV opened at $25.48 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 74.94, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04. The firm’s fifty day moving average is $21.48 and its 200 day moving average is $19.89. Revolve Group, Inc. has a fifty-two week low of $12.25 and a fifty-two week high of $25.96.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. On average, equities research analysts predict that Revolve Group, Inc. will post 0.56 earnings per share for the current year.

Institutional Trading of Revolve Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. bought a new stake in Revolve Group in the 1st quarter valued at $45,000. Quarry LP bought a new stake in shares of Revolve Group in the 2nd quarter worth about $68,000. Assetmark Inc. increased its holdings in shares of Revolve Group by 8.3% in the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after buying an additional 631 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Revolve Group in the 2nd quarter worth about $165,000. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of Revolve Group in the 2nd quarter worth about $182,000. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. TD Cowen lifted their price target on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Barclays dropped their price target on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, July 18th. Wedbush reiterated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $30.00 price target on shares of Revolve Group in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.44.

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.