Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells $528,679.35 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 20,373 shares of Revolve Group stock in a transaction on Monday, November 4th. The shares were sold at an average price of $25.95, for a total transaction of $528,679.35. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,894,350. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00.
• 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 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 stock was sold at an average price of $25.93, for a total value of $11,824.08.

Revolve Group Stock Down 4.5 %

NYSE RVLV opened at $31.47 on Friday. The business’s fifty day simple moving average is $25.04 and its 200-day simple moving average is $21.26. The firm has a market cap of $2.22 billion, a PE ratio of 56.20, a P/E/G ratio of 2.97 and a beta of 2.05. Revolve Group, Inc. has a 52 week low of $12.63 and a 52 week high of $33.82.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.04 earnings per share. Revolve Group’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised 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 valued at $28,000 after purchasing an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares during the last quarter. Quarry LP purchased a new stake in Revolve Group in the 2nd quarter valued at about $68,000. American Century Companies Inc. acquired a new position in Revolve Group in the second quarter valued at about $165,000. Finally, nVerses Capital LLC purchased a new position in Revolve Group during the third quarter worth about $171,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RVLV has been the subject of several recent analyst reports. Piper Sandler boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday. BTIG Research boosted their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group raised their price target on shares of Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird boosted their price objective on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays raised Revolve Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $17.00 to $25.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.