Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 73,783 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 73,783 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $33.41, for a total value of $2,465,090.03. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,438,930. This trade represents a 50.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The shares were sold at an average price of $35.20, for a total value of $2,515,497.60.
• 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.
• On Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The stock was sold at an average price of $25.95, for a total transaction of $528,679.35.
• On Thursday, October 17th, Michael Mente sold 48,346 shares of Revolve Group stock. The shares were sold at an average price of $26.32, for a total transaction of $1,272,466.72.
• On Tuesday, October 15th, Michael Mente sold 36,114 shares of Revolve Group stock. The stock was sold at an average price of $25.95, for a total value 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 value of $11,824.08.

Revolve Group Price Performance

Shares of Revolve Group stock traded up $0.17 during midday trading on Friday, reaching $34.99. The company had a trading volume of 1,009,467 shares, compared to its average volume of 1,008,381. The stock has a fifty day moving average price of $27.30 and a 200 day moving average price of $22.22. Revolve Group, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $35.86. The firm has a market cap of $2.48 billion, a PE ratio of 62.48, a P/E/G ratio of 2.10 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the business earned $0.04 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RVLV. Evercore ISI upped their price objective on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. BTIG Research increased their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. TD Cowen increased their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler raised their target price 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.19.

Hedge Funds Weigh In On Revolve Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP grew its holdings in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares during the period. Comerica Bank grew its stake in Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock worth $3,808,000 after purchasing an additional 178,475 shares during the period. Polar Asset Management Partners Inc. bought a new stake in Revolve Group in the third quarter worth approximately $3,982,000. Millennium Management LLC lifted its stake in Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after buying an additional 138,600 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after buying an additional 134,775 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.