Michael Mente Sells 114,024 Shares of Revolve Group (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 114,024 shares of Revolve Group stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $26.67, for a total transaction of $3,041,020.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, December 4th, Michael Mente sold 41,563 shares of Revolve Group stock. The shares were sold at an average price of $26.02, for a total value of $1,081,469.26.
• On Tuesday, December 2nd, Michael Mente sold 23,152 shares of Revolve Group stock. The stock was sold at an average price of $25.94, for a total transaction of $600,562.88.

Revolve Group Stock Performance

NYSE:RVLV traded down $0.58 during mid-day trading on Thursday, reaching $25.92. The stock had a trading volume of 778,590 shares, compared to its average volume of 883,184. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58. The business has a 50 day simple moving average of $22.33 and a 200 day simple moving average of $21.76. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.94 and a beta of 1.84.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $295.63 million during the quarter, compared to the consensus estimate of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. As a group, sell-side analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Institutional Trading of Revolve Group

Institutional investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new position in Revolve Group during the 1st quarter worth approximately $25,000. State of Alaska Department of Revenue acquired a new stake in shares of Revolve Group during the third quarter worth $46,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in shares of Revolve Group in the 2nd quarter worth about $60,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Revolve Group in the 2nd quarter valued at about $68,000. Finally, Quarry LP boosted its holdings in shares of Revolve Group by 6,932.1% in the 3rd quarter. Quarry LP now owns 3,727 shares of the company’s stock valued at $79,000 after buying an additional 3,674 shares during the period. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on RVLV shares. Roth Capital restated a “buy” rating and set a $30.00 target price (up previously from $27.00) on shares of Revolve Group in a research report on Wednesday, November 5th. Barclays raised their price objective on Revolve Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. UBS Group upped their target price on Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. BTIG Research reiterated a “buy” rating and set a $30.00 target price on shares of Revolve Group in a research report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.21.

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.