Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 48,346 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 48,346 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total transaction of $1,272,466.72. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,921,360. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction 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 Price Performance

Shares of RVLV stock traded up $0.06 during trading hours on Thursday, reaching $26.35. The company had a trading volume of 681,386 shares, compared to its average volume of 1,019,016. The business has a fifty day simple moving average of $23.90 and a 200-day simple moving average of $20.46. Revolve Group, Inc. has a 12 month low of $12.42 and a 12 month high of $26.69. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 77.50, a price-to-earnings-growth ratio of 2.41 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share 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 analyst estimates of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, equities research analysts expect that Revolve Group, Inc. will post 0.55 earnings per share for the current year.

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in Revolve Group by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 825,606 shares of the company’s stock worth $17,478,000 after acquiring an additional 10,724 shares during the last quarter. Norden Group LLC lifted its position in Revolve Group by 2,269.6% during the first quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after purchasing an additional 351,704 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Revolve Group in the 1st quarter worth approximately $45,000. Capstone Investment Advisors LLC purchased a new stake in shares of Revolve Group during the 1st quarter valued at $1,591,000. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock worth $2,435,000 after acquiring an additional 767 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RVLV. Evercore ISI increased their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. TD Cowen increased their price objective on shares of Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Wedbush reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a research note on Wednesday, August 7th. Barclays raised their target price on shares of Revolve Group from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird raised their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Revolve Group currently has a consensus rating of “Hold” and a consensus target price of $21.81.

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.