Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 20,373 Shares of 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 stock was sold at an average price of $25.95, for a total transaction of $528,679.35. Following the sale, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $1,894,350. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction 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 transaction of $11,824.08.

Revolve Group Price Performance

Revolve Group stock opened at $33.26 on Thursday. The firm has a 50 day simple moving average of $24.47 and a 200-day simple moving average of $21.01. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. Revolve Group, Inc. has a 1-year low of $12.63 and a 1-year high of $33.82.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. Revolve Group’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. Equities analysts expect that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Revolve Group

Several hedge funds have recently bought and sold shares of RVLV. 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 buying an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock valued at $65,000 after purchasing an additional 1,940 shares in the last quarter. Quarry LP acquired a new position in shares of Revolve Group during the second quarter worth about $68,000. American Century Companies Inc. purchased a new stake in shares of Revolve Group during the second quarter worth approximately $165,000. Finally, nVerses Capital LLC purchased a new position in Revolve Group in the third quarter worth approximately $171,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RVLV shares. BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush reissued a “neutral” rating and issued a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. TD Cowen upped their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI upped their price target on shares of Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday. Finally, UBS Group boosted their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.19.

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.