Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 200,000 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the sale, the chief executive officer now owns 73,000 shares in the company, valued at $2,294,390. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The shares were 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 shares were 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 Price Performance

Shares of RVLV stock opened at $33.26 on Thursday. The business’s 50 day simple moving average is $24.47 and its 200 day simple moving average is $21.01. Revolve Group, Inc. has a one year low of $12.63 and a one year high of $33.82. The stock has a market capitalization of $2.35 billion, a PE ratio of 72.04, a PEG ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same period in the prior year, the business posted $0.04 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that Revolve Group, Inc. will post 0.56 earnings per share for the current year.

Institutional Trading of Revolve Group

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in Revolve Group by 249.7% in the third 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. Benjamin F. Edwards & Company Inc. lifted its stake in Revolve Group by 91.1% in the second 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 during the period. Quarry LP acquired a new position in Revolve Group in the second quarter valued at approximately $68,000. American Century Companies Inc. acquired a new position in Revolve Group in the second quarter valued at approximately $165,000. Finally, nVerses Capital LLC acquired a new position in Revolve Group in the third quarter valued at approximately $171,000. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $17.00 to $25.00 in a research report on Wednesday. Robert W. Baird boosted their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday. BTIG Research boosted their price target on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday. 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, Wedbush reissued a “neutral” rating and set a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. One equities research 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 MarketBeat.com, the stock currently 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.