Insider Selling: Revolve Group, Inc. (NYSE:RVLV) CEO Sells 71,463 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) CEO Michael Mente sold 71,463 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $35.20, for a total transaction of $2,515,497.60. Following the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,569,600. This trade represents a 49.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The shares were 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 shares were sold at an average price of $26.32, for a total transaction 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 value of $11,824.08.

Revolve Group Price Performance

RVLV traded up $0.17 on Friday, hitting $34.99. The company had a trading volume of 1,009,467 shares, compared to its average volume of 1,008,381. The stock has a fifty day simple moving average of $27.30 and a 200-day simple moving average of $22.22. The firm has a market capitalization of $2.48 billion, a P/E ratio of 62.48, a P/E/G ratio of 2.10 and a beta of 2.05. Revolve Group, Inc. has a 52-week low of $13.24 and a 52-week high of $35.86.

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 analysts' consensus estimates of $0.10 by $0.05. The company had revenue of $283.15 million during the quarter, compared to analysts' expectations of $271.08 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. Equities research analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Revolve Group by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company's stock worth $10,867,000 after acquiring an additional 123,745 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company's stock valued at $7,615,000 after purchasing an additional 280,151 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Revolve Group by 55.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company's stock valued at $7,973,000 after purchasing an additional 134,775 shares during the last quarter. Millennium Management LLC boosted its position in shares of Revolve Group by 68.1% in the 2nd quarter. Millennium Management LLC now owns 342,084 shares of the company's stock worth $5,443,000 after purchasing an additional 138,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Revolve Group by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock worth $7,811,000 after buying an additional 2,963 shares during the last quarter. Institutional investors own 67.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. 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. Wedbush reiterated a "neutral" rating and issued a $19.00 target price on shares of Revolve Group in a research report on Wednesday, August 7th. Roth Mkm reissued a "buy" rating and issued a $35.00 price target (up from $29.00) on shares of Revolve Group in a research note on Wednesday, November 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $26.00 price objective (up from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Finally, TD Cowen boosted their target price on Revolve Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.19.

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.

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