Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 200,000 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,294,390. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value 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 value 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 Stock Performance

RVLV stock opened at $33.26 on Thursday. The firm has a 50 day moving average price of $24.47 and a 200-day moving average price of $21.01. Revolve Group, Inc. has a 52-week low of $12.63 and a 52-week high of $33.82. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 72.04, a PEG ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company had revenue of $283.15 million during the quarter, compared to analyst estimates of $271.08 million. During the same period in the previous 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 forecast that Revolve Group, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. BTIG Research upped their price objective on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group upped their price objective on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird upped their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday. 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 research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.19.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RVLV. Lisanti Capital Growth LLC bought a new position in shares of Revolve Group during the 3rd quarter valued at approximately $2,276,000. Los Angeles Capital Management LLC lifted its holdings in Revolve Group by 17.5% during the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock valued at $835,000 after purchasing an additional 5,011 shares in the last quarter. BloombergSen Inc. lifted its holdings in Revolve Group by 39.1% during the third quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock valued at $873,000 after purchasing an additional 9,904 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Revolve Group by 46.1% in the third quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock worth $2,655,000 after purchasing an additional 33,812 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the period. Institutional investors own 67.60% of the company’s stock.

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.