Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 73,783 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 73,783 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $33.41, for a total value of $2,465,090.03. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,438,930. The trade was a 50.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 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 stock was 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 stock was 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 value of $11,824.08.

Revolve Group Trading Up 0.5 %

Shares of Revolve Group stock opened at $34.99 on Friday. Revolve Group, Inc. has a 1 year low of $13.24 and a 1 year high of $35.86. The company’s fifty day simple moving average is $27.30 and its 200-day simple moving average is $22.22. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 2.20 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company had revenue of $283.15 million for the quarter, compared to the consensus estimate of $271.08 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on RVLV. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price objective (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Piper Sandler increased 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. Wedbush reaffirmed a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Finally, Robert W. Baird increased their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Revolve Group presently has an average rating of “Hold” and a consensus target price of $26.19.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in RVLV. Precision Wealth Strategies LLC grew its holdings in shares of Revolve Group by 3.3% during the 3rd quarter. Precision Wealth Strategies LLC now owns 12,741 shares of the company’s stock worth $316,000 after purchasing an additional 407 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 during the period. Price T Rowe Associates Inc. MD boosted its stake in Revolve Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after buying an additional 1,227 shares in the last quarter. Versor Investments LP increased its holdings in Revolve Group by 9.0% in the 2nd quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after buying an additional 1,405 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after buying an additional 1,940 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Company Profile

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.