Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 69,605 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 69,605 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,173,210. This trade represents a 48.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The shares were sold at an average price of $30.50, for a total transaction 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 transaction 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 transaction of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The stock was 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 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.
• 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 value of $6,286,000.00.
• 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 transaction of $528,679.35.
• 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 transaction of $1,272,466.72.

Revolve Group Stock Down 5.4 %

Shares of RVLV traded down $1.67 during midday trading on Friday, reaching $29.24. 1,181,265 shares of the stock were exchanged, compared to its average volume of 1,292,738. The stock’s 50 day simple moving average is $33.98 and its 200 day simple moving average is $25.95. Revolve Group, Inc. has a twelve month low of $13.96 and a twelve month high of $39.58. The company has a market cap of $2.07 billion, a P/E ratio of 52.21, a PEG ratio of 2.34 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The business had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the previous year, the company earned $0.04 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RVLV shares. 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 report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Evercore ISI upped their price objective on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Finally, BTIG Research boosted their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.93.

Institutional Investors Weigh In On Revolve Group

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings 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 in the last quarter. Quarry LP bought a new position in shares of Revolve Group in the second quarter worth $68,000. nVerses Capital LLC acquired a new position in Revolve Group in the third quarter valued at about $171,000. Finally, LMR Partners LLP bought a new stake in Revolve Group during the third quarter worth about $228,000. 67.60% of the stock is currently owned by institutional investors.

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.