Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 44,962 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 44,962 shares of Revolve Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.93, for a total value of $1,390,674.66. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. The trade was a 38.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The stock was sold at an average price of $30.48, for a total value of $2,024,268.24.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The shares were sold at an average price of $29.77, for a total value of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The shares were sold at an average price of $30.50, for a total transaction of $1,402,603.50.
• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20.
• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The stock was sold at an average price of $34.14, for a total transaction of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The stock was sold at an average price of $34.87, for a total value 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 transaction of $2,465,090.03.
• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The stock was sold at an average price of $31.43, for a total transaction of $6,286,000.00.

Revolve Group Stock Down 3.8 %

Shares of Revolve Group stock opened at $30.07 on Thursday. Revolve Group, Inc. has a 12-month low of $14.04 and a 12-month high of $39.58. The stock has a market capitalization of $2.13 billion, a P/E ratio of 53.69, a price-to-earnings-growth ratio of 1.58 and a beta of 2.18. The company has a 50-day simple moving average of $33.64 and a 200 day simple moving average of $27.45.

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

Hedge Funds Weigh In On Revolve Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group in the 4th quarter valued at about $50,000. Quarry LP bought a new position in shares of Revolve Group in the second quarter worth about $68,000. American Century Companies Inc. bought a new position in shares of Revolve Group in the second quarter worth about $165,000. Finally, nVerses Capital LLC bought a new stake in shares of Revolve Group during the third quarter valued at approximately $171,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RVLV shares. Piper Sandler lifted their price objective on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. BTIG Research lifted their price target on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI increased their price target on shares of Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, November 6th. Finally, KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Revolve Group has a consensus rating of “Moderate Buy” and a consensus target price of $29.60.

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.