Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 456 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 456 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $25.93, for a total transaction of $11,824.08. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $1,892,890. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Revolve Group Stock Performance

RVLV stock opened at $25.48 on Friday. The company has a market capitalization of $1.80 billion, a PE ratio of 74.94, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04. Revolve Group, Inc. has a one year low of $12.25 and a one year high of $25.96. The company’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $19.88.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts predict that Revolve Group, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on RVLV. TD Cowen increased their price target on Revolve Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Barclays reduced their target price on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, July 18th. BTIG Research raised their price objective on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird boosted their target price on shares of Revolve Group from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Piper Sandler restated an “overweight” rating and set a $30.00 target price on shares of Revolve Group in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.44.

Hedge Funds Weigh In On Revolve Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its holdings in Revolve Group by 8.3% during the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after buying an additional 631 shares during the last quarter. US Bancorp DE increased its holdings in Revolve Group by 1.8% during the 1st quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after purchasing an additional 677 shares during the period. Essex Investment Management Co. LLC raised its position in Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after purchasing an additional 767 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Revolve Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,498 shares of the company’s stock worth $561,000 after buying an additional 1,227 shares during the last quarter. Finally, Versor Investments LP increased its stake in shares of Revolve Group by 9.0% during the second quarter. Versor Investments LP now owns 16,953 shares of the company’s stock valued at $270,000 after buying an additional 1,405 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Company Profile

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.