Michael Mente Sells 65,722 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 65,722 shares of Revolve Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.10, for a total value of $1,978,232.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,197,300. The trade was a 47.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, February 14th, Michael Mente sold 67,118 shares of Revolve Group stock. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38.
• 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 Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The stock was sold at an average price of $30.93, for a total value 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 value of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The stock was sold at an average price of $30.50, for a total value 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 value 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 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 shares were sold at an average price of $35.20, for a total value of $2,515,497.60.

Revolve Group Price Performance

RVLV stock opened at $30.97 on Friday. The company has a 50 day moving average price of $32.30 and a 200 day moving average price of $28.54. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58. The stock has a market capitalization of $2.19 billion, a PE ratio of 55.30, a price-to-earnings-growth ratio of 1.57 and a beta of 2.17.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Barclays upgraded 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. Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. TD Cowen lifted their target price on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, KeyCorp upgraded shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.60.

Institutional Trading of Revolve Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after acquiring an additional 804 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after acquiring an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group during the 4th quarter valued at $50,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Revolve Group during the 4th quarter valued at $87,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Revolve Group during the 4th quarter valued at $117,000. Institutional investors 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.