Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 456 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 456 shares of Revolve Group stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $25.93, for a total value of $11,824.08. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,892,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Revolve Group Price Performance

NYSE:RVLV opened at $25.48 on Monday. The business’s 50-day moving average is $21.48 and its two-hundred day moving average is $19.88. Revolve Group, Inc. has a 12 month low of $12.25 and a 12 month high of $25.96. The firm has a market capitalization of $1.80 billion, a PE ratio of 74.94, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The company’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. Equities analysts anticipate that Revolve Group, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on RVLV. Barclays lowered their target price on Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, July 18th. Evercore ISI upped their price objective on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 7th. Wedbush reaffirmed a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a research report on Wednesday, August 7th. BTIG Research boosted their target price on Revolve Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird boosted their target price on Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.44.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Revolve Group by 80.9% during the fourth quarter. BNP Paribas Financial Markets now owns 176,222 shares of the company’s stock valued at $2,922,000 after buying an additional 78,828 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Revolve Group by 51.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock worth $11,250,000 after purchasing an additional 229,964 shares in the last quarter. Madison Asset Management LLC raised its holdings in Revolve Group by 40.4% during the fourth quarter. Madison Asset Management LLC now owns 197,982 shares of the company’s stock worth $3,283,000 after purchasing an additional 56,976 shares in the last quarter. Comerica Bank grew its position in Revolve Group by 12,630.9% in the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after buying an additional 178,475 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Revolve Group in the first quarter worth approximately $1,591,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.