Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 48,346 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 48,346 shares of Revolve Group stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,921,360. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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.
• On Wednesday, September 18th, Michael Mente sold 456 shares of Revolve Group stock. The stock was sold at an average price of $25.93, for a total value of $11,824.08.

Revolve Group Stock Performance

Shares of Revolve Group stock traded up $0.06 during trading hours on Thursday, reaching $26.35. The company’s stock had a trading volume of 681,386 shares, compared to its average volume of 1,019,016. The company’s 50 day simple moving average is $23.90 and its 200 day simple moving average is $20.46. Revolve Group, Inc. has a one year low of $12.42 and a one year high of $26.69. The stock has a market cap of $1.87 billion, a P/E ratio of 77.50, a price-to-earnings-growth ratio of 2.41 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $282.50 million for the quarter, compared to the consensus estimate of $277.06 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. On average, sell-side analysts predict that Revolve Group, Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RVLV has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Revolve Group in a report on Friday, August 23rd. Wedbush reissued a “neutral” rating and issued a $19.00 target price on shares of Revolve Group in a report on Wednesday, August 7th. TD Cowen boosted their target price on Revolve Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Evercore ISI boosted their target price on Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.81.

Institutional Trading of Revolve Group

Several hedge funds have recently bought and sold shares of RVLV. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Revolve Group in the 1st quarter worth approximately $45,000. Quarry LP purchased a new position in shares of Revolve Group in the second quarter worth approximately $68,000. American Century Companies Inc. purchased a new position in shares of Revolve Group in the second quarter worth approximately $165,000. nVerses Capital LLC purchased a new position in shares of Revolve Group in the third quarter worth approximately $171,000. Finally, Pier 88 Investment Partners LLC purchased a new position in shares of Revolve Group in the second quarter worth approximately $182,000. 67.60% of the stock is currently 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.