Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 76,835 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 76,835 shares of Revolve Group stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,492,220. The trade was a 51.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The stock was sold at an average price of $34.20, for a total transaction of $2,135,482.20.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The shares were sold at an average price of $34.87, for a total transaction of $3,432,219.23.
• On Monday, December 2nd, Michael Mente sold 90,266 shares of Revolve Group stock. The stock was sold at an average price of $35.80, for a total value of $3,231,522.80.
• 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 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The stock was sold at an average price of $33.41, for a total value of $2,465,090.03.
• 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 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 stock was 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 transaction of $937,158.30.

Revolve Group Trading Up 1.0 %

NYSE:RVLV traded up $0.34 on Friday, hitting $34.10. The company’s stock had a trading volume of 1,654,870 shares, compared to its average volume of 1,019,838. Revolve Group, Inc. has a one year low of $13.96 and a one year high of $39.58. The firm has a market capitalization of $2.41 billion, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 2.34 and a beta of 2.19. The stock has a fifty day moving average of $31.96 and a two-hundred day moving average of $24.42.

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

Analyst Ratings Changes

RVLV has been the topic of several recent research reports. Evercore ISI lifted their price target on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research note on Wednesday, November 6th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 target price (up previously from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. Robert W. Baird upped their price target on Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. BTIG Research boosted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Roth Mkm restated a “buy” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.25.

Hedge Funds Weigh In On Revolve Group

Several large investors have recently modified their holdings of RVLV. Marshall Wace LLP increased its stake in shares of Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after purchasing an additional 280,151 shares during the period. Polar Asset Management Partners Inc. acquired a new position in Revolve Group in the 3rd quarter valued at $3,982,000. Millennium Management LLC increased its position in Revolve Group by 68.1% during the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after buying an additional 138,600 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after buying an additional 123,745 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Revolve Group during the third quarter worth $2,276,000. 67.60% of the stock is owned by institutional investors.

About Revolve Group

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.