Michael Mente Sells 20,373 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

by · The Markets Daily

Revolve Group, Inc. (NYSE:RVLV – Get Free Report) CEO Michael Mente sold 20,373 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $25.95, for a total value of $528,679.35. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • 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 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 Tuesday, October 15th, Michael Mente sold 36,114 shares of Revolve Group stock. The stock was sold at an average price of $25.95, for a total transaction of $937,158.30.
  • 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 transaction of $11,824.08.

Revolve Group Trading Down 1.0 %

NYSE:RVLV opened at $32.94 on Friday. The company has a 50-day moving average of $24.87 and a 200-day moving average of $21.18. Revolve Group, Inc. has a twelve month low of $12.63 and a twelve month high of $33.82. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 73.20, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05.

Revolve Group (NYSE:RVLV – Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The firm had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts forecast that Revolve Group, Inc. will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds have recently modified their holdings of the stock. LMR Partners LLP acquired a new position in shares of Revolve Group in the 3rd quarter valued at $228,000. Thrivent Financial for Lutherans purchased a new stake in Revolve Group during the third quarter valued at about $1,509,000. Lisanti Capital Growth LLC acquired a new position in shares of Revolve Group in the third quarter worth about $2,276,000. Los Angeles Capital Management LLC increased its position in shares of Revolve Group by 17.5% in the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after acquiring an additional 5,011 shares in the last quarter. Finally, BloombergSen Inc. increased its position in shares of Revolve Group by 39.1% in the third quarter. BloombergSen Inc. now owns 35,239 shares of the company’s stock worth $873,000 after acquiring an additional 9,904 shares in the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RVLV has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. Roth Mkm reaffirmed a “buy” rating and set a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research note on Wednesday. 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 research note on Wednesday. Wedbush reissued a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.19.

Check Out Our Latest Analysis on RVLV

Revolve Group Company Profile

(Get Free Report)

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.

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