Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 65,722 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 65,722 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.10, for a total value of $1,978,232.20. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,197,300. This trade represents a 47.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, February 14th, Michael Mente sold 67,118 shares of Revolve Group stock. The shares were sold at an average price of $30.91, for a total value of $2,074,617.38.
• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The shares were sold at an average price of $30.48, for a total value of $2,024,268.24.
• On Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The shares were sold at an average price of $30.93, for a total value of $1,390,674.66.
• 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 value 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 value of $2,135,482.20.
• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The shares were sold at an average price of $34.14, for a total value of $2,623,146.90.
• 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 shares were 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.

Revolve Group Price Performance

Shares of RVLV opened at $30.97 on Friday. The firm has a market cap of $2.19 billion, a PE ratio of 55.30, a PEG ratio of 1.57 and a beta of 2.17. The stock’s fifty day moving average price is $32.30 and its two-hundred day moving average price is $28.48. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RVLV. BTIG Research lifted their price target on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Roth Mkm reiterated a “buy” rating and set a $35.00 price target (up from $29.00) on shares of Revolve Group in a report on Wednesday, November 6th. Barclays upgraded Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $17.00 to $25.00 in a report on Wednesday, November 6th. Piper Sandler lifted their price target on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, UBS Group lifted their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.60.

Hedge Funds Weigh In On Revolve Group

Several hedge funds have recently made changes to their positions in the stock. FMR LLC grew its position in shares of Revolve Group by 0.7% in the fourth quarter. FMR LLC now owns 5,743,151 shares of the company’s stock valued at $192,338,000 after purchasing an additional 38,694 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Revolve Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,832,207 shares of the company’s stock valued at $128,341,000 after purchasing an additional 65,602 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Revolve Group by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 411,738 shares of the company’s stock valued at $13,789,000 after purchasing an additional 4,946 shares in the last quarter. Northern Trust Corp grew its position in shares of Revolve Group by 4.0% in the fourth quarter. Northern Trust Corp now owns 379,788 shares of the company’s stock valued at $12,719,000 after purchasing an additional 14,703 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock valued at $8,665,000 after purchasing an additional 158,960 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

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.