Michael Mente Sells 44,962 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 44,962 shares of Revolve Group stock in a transaction on Monday, January 27th. The stock was sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,257,890. This represents a 38.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The stock was sold at an average price of $30.48, for a total transaction of $2,024,268.24.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The stock was 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 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 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 stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80.
• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The stock was sold at an average price of $35.20, for a total transaction 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 transaction of $2,465,090.03.
• 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 transaction of $6,286,000.00.

Revolve Group Price Performance

Revolve Group stock opened at $31.61 on Friday. The firm has a market capitalization of $2.24 billion, a PE ratio of 56.45, a P/E/G ratio of 1.52 and a beta of 2.18. The company’s 50-day moving average is $33.50 and its 200-day moving average is $27.59. Revolve Group, Inc. has a fifty-two week low of $14.04 and a fifty-two week 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 the consensus estimate of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. Revolve Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. As a group, analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in Revolve Group in the 4th quarter valued at about $50,000. Quarry LP acquired a new position in Revolve Group in the 2nd quarter valued at about $68,000. Finally, Dakota Wealth Management acquired a new position in Revolve Group in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and issued a $35.00 price objective (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. TD Cowen boosted 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. Finally, Piper Sandler boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.60.

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.