Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells $2,623,146.90 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 76,835 shares of the company’s stock in a transaction 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 owns 73,000 shares of the company’s stock, valued at approximately $2,492,220. This represents a 51.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 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 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 transaction of $6,286,000.00.
• On Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The shares were 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 shares were sold at an average price of $25.95, for a total transaction of $937,158.30.

Revolve Group Stock Performance

Shares of Revolve Group stock opened at $34.10 on Monday. The company has a market capitalization of $2.41 billion, a PE ratio of 60.89, a P/E/G ratio of 2.34 and a beta of 2.19. The company has a 50-day simple moving average of $31.96 and a two-hundred day simple moving average of $24.46. Revolve Group, Inc. has a one year low of $13.96 and a one year high of $39.58.

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 business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same period in the previous year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating and set a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. BTIG Research boosted their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their target price 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. Finally, Piper Sandler raised their price target on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company’s stock worth $65,000 after purchasing an additional 1,940 shares in the last quarter. Quarry LP acquired a new stake in Revolve Group in the 2nd quarter worth approximately $68,000. American Century Companies Inc. purchased a new stake in Revolve Group during the 2nd quarter worth approximately $165,000. Finally, nVerses Capital LLC acquired a new position in Revolve Group during the 3rd quarter valued at approximately $171,000. 67.60% of the stock is owned by institutional investors and hedge funds.

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.