Michael Mente Sells 36,114 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 36,114 shares of Revolve Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.95, for a total value of $937,158.30. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,894,350. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 17th, Michael Mente sold 48,346 shares of Revolve Group stock. The shares were sold at an average price of $26.32, for a total value of $1,272,466.72.
• 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 Trading Up 0.2 %

NYSE RVLV traded up $0.06 during trading on Thursday, hitting $26.35. 681,386 shares of the company traded hands, compared to its average volume of 1,019,016. Revolve Group, Inc. has a 12 month low of $12.42 and a 12 month high of $26.69. The business has a fifty day simple moving average of $23.90 and a 200 day simple moving average of $20.46. The company has a market capitalization of $1.87 billion, a P/E ratio of 77.50, a PEG ratio of 2.41 and a beta of 2.05.

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

Analyst Ratings Changes

RVLV has been the topic of a number of recent research reports. Wedbush reissued a “neutral” rating and set a $19.00 price objective on shares of Revolve Group in a research note on Wednesday, August 7th. Barclays increased their price objective on Revolve Group from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Wednesday, October 2nd. Robert W. Baird raised their price target on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. UBS Group increased their price objective on Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Evercore ISI raised their price target 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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.81.

Institutional Trading of Revolve Group

Institutional investors have recently bought and sold shares of the business. Comerica Bank grew its holdings in shares of Revolve Group by 12,630.9% in the 1st quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after buying an additional 178,475 shares during the period. Capstone Investment Advisors LLC bought a new stake in Revolve Group during the 1st quarter worth about $1,591,000. Susquehanna Fundamental Investments LLC bought a new stake in Revolve Group during the 1st quarter worth about $1,432,000. Silvercrest Asset Management Group LLC increased its position in Revolve Group by 55.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock worth $7,973,000 after buying an additional 134,775 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in Revolve Group by 148.4% during the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after purchasing an additional 23,652 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.