Michael Mente Sells 71,463 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 71,463 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,569,600. This trade represents a 49.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value of $6,286,000.00.
• 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 value 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 value of $937,158.30.
• On Wednesday, September 18th, Michael Mente sold 456 shares of Revolve Group stock. The shares were sold at an average price of $25.93, for a total transaction of $11,824.08.

Revolve Group Stock Up 0.5 %

RVLV traded up $0.17 during trading hours on Friday, reaching $34.99. 1,009,467 shares of the company’s stock traded hands, compared to its average volume of 1,008,381. The firm has a 50-day moving average price of $27.30 and a 200 day moving average price of $22.22. The firm has a market capitalization of $2.48 billion, a PE ratio of 62.48, a PEG ratio of 2.10 and a beta of 2.05. Revolve Group, Inc. has a 52-week low of $13.24 and a 52-week high of $35.86.

Revolve Group (NYSE:RVLV) last issued its earnings results 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. The firm had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share. Equities analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RVLV. Comerica Bank raised its position in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after acquiring an additional 178,475 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Revolve Group by 55.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after purchasing an additional 134,775 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Revolve Group by 148.4% during the second quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after buying an additional 23,652 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings 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 valued at $2,655,000 after buying an additional 33,812 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in shares of Revolve Group during the 3rd quarter worth approximately $2,276,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Evercore ISI lifted their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. TD Cowen increased their target price on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird raised their target price on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.19.

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.