Revolve Group (NYSE:RVLV) CEO Sells $600,562.88 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 23,152 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $25.94, for a total value of $600,562.88. 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 Thursday, December 4th, Michael Mente sold 41,563 shares of Revolve Group stock. The stock was sold at an average price of $26.02, for a total value of $1,081,469.26.
• On Wednesday, December 3rd, Michael Mente sold 114,024 shares of Revolve Group stock. The shares were sold at an average price of $26.67, for a total transaction of $3,041,020.08.

Revolve Group Stock Down 2.2%

Shares of NYSE RVLV traded down $0.58 during trading on Thursday, hitting $25.92. The company had a trading volume of 778,590 shares, compared to its average volume of 883,184. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.94 and a beta of 1.84. The stock has a fifty day simple moving average of $22.33 and a two-hundred day simple moving average of $21.76. Revolve Group, Inc. has a fifty-two week low of $16.80 and a fifty-two week high of $39.58.

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

Analyst Upgrades and Downgrades

RVLV has been the subject of a number of research reports. BTIG Research reaffirmed a “buy” rating and set a $30.00 target price on shares of Revolve Group in a report on Wednesday, November 19th. Piper Sandler upped their price objective on shares of Revolve Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Revolve Group in a report on Wednesday, October 8th. Wall Street Zen upgraded Revolve Group from a “hold” rating to a “buy” rating in a report on Monday. Finally, Roth Capital reaffirmed a “buy” rating and issued a $30.00 price target (up previously from $27.00) on shares of Revolve Group in a report on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Revolve Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RVLV. Cooper Creek Partners Management LLC acquired a new position in shares of Revolve Group in the 3rd quarter valued at $22,164,000. Millennium Management LLC increased its position in shares of Revolve Group by 6,190.7% during the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company’s stock worth $21,204,000 after purchasing an additional 1,002,893 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Revolve Group by 830.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company’s stock valued at $20,248,000 after buying an additional 901,396 shares during the period. William Blair Investment Management LLC lifted its position in Revolve Group by 80.2% in the second quarter. William Blair Investment Management LLC now owns 1,775,735 shares of the company’s stock valued at $35,603,000 after buying an additional 790,205 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Revolve Group by 2,036.0% during the second quarter. Marshall Wace LLP now owns 544,678 shares of the company’s stock worth $10,921,000 after buying an additional 519,178 shares during the period. 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.