Revolve Group (NYSE:RVLV) CEO Michael Mente Sells 41,563 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 41,563 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $26.02, for a total transaction of $1,081,469.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 3rd, Michael Mente sold 114,024 shares of Revolve Group stock. The shares were sold at an average price of $26.67, for a total transaction of $3,041,020.08.
• On Tuesday, December 2nd, Michael Mente sold 23,152 shares of Revolve Group stock. The shares were sold at an average price of $25.94, for a total transaction of $600,562.88.

Revolve Group Stock Performance

Shares of RVLV opened at $26.11 on Friday. The stock has a fifty day moving average price of $22.33 and a two-hundred day moving average price of $21.76. Revolve Group, Inc. has a 52-week low of $16.80 and a 52-week high of $39.58. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.94 and a beta of 1.84.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The firm had revenue of $295.63 million during the quarter, compared to analysts’ expectations of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. As a group, research analysts predict that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and issued a $30.00 target price on shares of Revolve Group in a research note on Wednesday, November 19th. Roth Capital reaffirmed a “buy” rating and issued a $30.00 price objective (up from $27.00) on shares of Revolve Group in a research note on Wednesday, November 5th. Zacks Research downgraded Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Morgan Stanley increased their target price on Revolve Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

Institutional Trading of Revolve Group

A number of institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund grew its holdings in shares of Revolve Group by 0.4% during the second quarter. New York State Common Retirement Fund now owns 164,703 shares of the company’s stock worth $3,302,000 after buying an additional 627 shares in the last quarter. Arizona State Retirement System boosted its holdings in Revolve Group by 6.9% during the third quarter. Arizona State Retirement System now owns 11,946 shares of the company’s stock worth $254,000 after purchasing an additional 772 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Revolve Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,773 shares of the company’s stock valued at $489,000 after purchasing an additional 964 shares in the last quarter. Alliancebernstein L.P. lifted its position in Revolve Group by 2.7% during the 3rd quarter. Alliancebernstein L.P. now owns 38,600 shares of the company’s stock worth $822,000 after buying an additional 1,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Revolve Group by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,894 shares of the company’s stock worth $379,000 after buying an additional 1,113 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

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.