Revolve Group, Inc. (NYSE:RVLV) CFO Jesse Timmermans Sells 91,625 Shares

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) CFO Jesse Timmermans sold 91,625 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.72, for a total transaction of $2,814,720.00. Following the completion of the sale, the chief financial officer now owns 3,054 shares in the company, valued at $93,818.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Revolve Group Stock Performance

NYSE RVLV traded down $1.47 on Friday, reaching $31.47. 1,339,398 shares of the company's stock traded hands, compared to its average volume of 1,013,069. Revolve Group, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $33.82. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 56.20, a P/E/G ratio of 2.97 and a beta of 2.05. The stock has a 50 day moving average price of $25.04 and a 200-day moving average price of $21.27.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings data 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 business 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 company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. As a group, equities research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after acquiring an additional 804 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Revolve Group by 91.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock valued at $65,000 after purchasing an additional 1,940 shares in the last quarter. Quarry LP acquired a new position in Revolve Group in the 2nd quarter worth about $68,000. nVerses Capital LLC purchased a new position in Revolve Group during the third quarter worth approximately $171,000. Finally, LMR Partners LLP acquired a new stake in Revolve Group in the third quarter valued at approximately $228,000. 67.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on RVLV. Piper Sandler increased their price objective on Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday. Wedbush reiterated a "neutral" rating and issued a $19.00 price target on shares of Revolve Group in a research note on Wednesday, August 7th. UBS Group raised their price target on Revolve Group from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday. BTIG Research upped their price objective on shares of Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Evercore ISI lifted their target price on shares of Revolve Group from $21.00 to $33.00 and gave the stock an "in-line" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.