Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 62,441 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 62,441 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,496,600. The trade was a 46.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The stock was 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 shares were 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 stock was 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.
• 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 value of $2,465,090.03.
• 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 shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72.
• On Tuesday, October 15th, Michael Mente sold 36,114 shares of Revolve Group stock. The shares were sold at an average price of $25.95, for a total value of $937,158.30.

Revolve Group Price Performance

NYSE:RVLV opened at $34.10 on Friday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 60.89, a P/E/G ratio of 2.34 and a beta of 2.19. The business has a 50 day simple moving average of $31.96 and a 200 day simple moving average of $24.42. Revolve Group, Inc. has a 12-month low of $13.96 and a 12-month high of $39.58.

Revolve Group (NYSE:RVLV) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Research analysts anticipate 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 business. Dimensional Fund Advisors LP grew its stake in shares of Revolve Group by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after purchasing an additional 123,745 shares in the last quarter. Marshall Wace LLP increased its stake in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after buying an additional 280,151 shares during the period. Millennium Management LLC raised its holdings in Revolve Group by 68.1% during the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after purchasing an additional 138,600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Revolve Group by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company’s stock worth $7,811,000 after purchasing an additional 2,963 shares during the period. Finally, Sei Investments Co. increased its position in shares of Revolve Group by 14.1% during the 2nd quarter. Sei Investments Co. now owns 176,593 shares of the company’s stock valued at $2,810,000 after purchasing an additional 21,821 shares during the period. 67.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RVLV has been the subject of several analyst reports. Evercore ISI upped their target price on 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 lifted their price objective 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. 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 note on Monday, October 21st. BTIG Research lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus increased their target price on Revolve Group from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.25.

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.