Michael Mente Sells 69,605 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 69,605 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.77, for a total transaction of $2,072,140.85. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The stock was 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 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 transaction 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 transaction 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 transaction 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 value of $6,286,000.00.
• 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.

Revolve Group Stock Down 5.4 %

Shares of RVLV stock opened at $29.24 on Friday. Revolve Group, Inc. has a 12 month low of $13.96 and a 12 month high of $39.58. The company’s fifty day simple moving average is $34.07 and its 200-day simple moving average is $26.11. The firm has a market cap of $2.07 billion, a PE ratio of 52.21, a P/E/G ratio of 2.34 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 EPS. On average, equities analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd boosted its holdings in shares of Revolve Group by 148.4% in the 2nd quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after buying an additional 23,652 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Revolve Group by 46.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after acquiring an additional 33,812 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of Revolve Group during the 3rd quarter worth about $2,276,000. Farther Finance Advisors LLC raised its holdings in shares of Revolve Group by 249.7% in 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. Finally, Thrivent Financial for Lutherans acquired a new stake in Revolve Group in the 3rd quarter valued at about $1,509,000. 67.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RVLV. Stifel Nicolaus lifted their price objective on shares of Revolve Group from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Piper Sandler boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Roth Mkm reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. BTIG Research lifted their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Evercore ISI increased their price target on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.07.

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.