Revolve Group, Inc. (NYSE:RVLV) CEO Sells $2,072,140.85 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 69,605 shares of the company’s stock in a transaction on Friday, January 10th. The shares were 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 owns 73,000 shares in the company, valued at approximately $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 transaction of $1,402,603.50.
• 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 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 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 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 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 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.
• 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 value of $1,272,466.72.

Revolve Group Trading Down 5.4 %

NYSE:RVLV opened at $29.24 on Friday. The stock’s 50-day moving average is $34.07 and its 200-day moving average is $26.11. Revolve Group, Inc. has a 1-year low of $13.96 and a 1-year high of $39.58. The stock has a market cap of $2.07 billion, a P/E ratio of 52.21, a price-to-earnings-growth ratio of 2.34 and a beta of 2.18.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The firm had revenue of $283.15 million during 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 was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 EPS. As a group, equities analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Revolve Group by 83.4% during the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company’s stock worth $8,665,000 after acquiring an additional 158,960 shares during the last quarter. Franklin Resources Inc. raised its holdings in Revolve Group by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock worth $699,000 after purchasing an additional 1,753 shares during the last quarter. Barclays PLC lifted its position in shares of Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company’s stock worth $2,122,000 after purchasing an additional 52,257 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of Revolve Group in the 3rd quarter valued at $3,982,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Revolve Group during the third quarter worth $250,000. 67.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $35.00 target price (up from $29.00) on shares of Revolve Group in a 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 note on Wednesday, December 11th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (up from $17.00) on shares of Revolve Group in a research report on Monday, October 21st. BTIG Research lifted their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, TD Cowen upped their target price on Revolve Group from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.