Michael Mente Sells 73,783 Shares of Revolve Group, Inc. (NYSE:RVLV) Stock

by · The Markets Daily

Revolve Group, Inc. (NYSE:RVLV – Get Free Report) CEO Michael Mente sold 73,783 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $33.41, for a total transaction of $2,465,090.03. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at $2,438,930. This represents a 50.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • 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 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 transaction 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 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 shares were sold at an average price of $25.95, for a total value of $937,158.30.
  • On Wednesday, September 18th, Michael Mente sold 456 shares of Revolve Group stock. The stock was sold at an average price of $25.93, for a total value of $11,824.08.

Revolve Group Price Performance

Shares of RVLV opened at $35.02 on Friday. Revolve Group, Inc. has a 1 year low of $13.24 and a 1 year high of $35.86. The stock has a 50 day simple moving average of $27.30 and a two-hundred day simple moving average of $22.23. The firm has a market cap of $2.48 billion, a P/E ratio of 62.54, a P/E/G ratio of 2.20 and a beta of 2.05.

Revolve Group (NYSE:RVLV – Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. Revolve Group had a net margin of 3.72% and a return on equity of 10.17%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. On average, equities analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (up from $17.00) on shares of Revolve Group in a report on Monday, October 21st. Piper Sandler increased their target price on shares of Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. UBS Group increased their price objective on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Evercore ISI boosted their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.19.

Read Our Latest Research Report on Revolve Group

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Marshall Wace LLP boosted its holdings in Revolve Group by 141.2% during the 2nd quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock valued at $7,615,000 after acquiring an additional 280,151 shares during the period. Comerica Bank boosted its stake in shares of Revolve Group by 12,630.9% during the first quarter. Comerica Bank now owns 179,888 shares of the company’s stock valued at $3,808,000 after purchasing an additional 178,475 shares during the period. Polar Asset Management Partners Inc. bought a new position in shares of Revolve Group in the third quarter worth approximately $3,982,000. Millennium Management LLC increased its stake in shares of Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock worth $5,443,000 after buying an additional 138,600 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its holdings in Revolve Group by 55.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after buying an additional 134,775 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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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