Revolve Group, Inc. (NYSE:RVLV - Get Free Report) CEO Michael Mente sold 90,266 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $35.80, for a total value of $3,231,522.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Michael Mente also recently made the following trade(s):
- On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The stock was sold at an average price of $34.87, for a total value of $3,432,219.23.
- On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The stock was sold at an average price of $35.20, for a total value of $2,515,497.60.
- On Wednesday, November 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The stock was 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 stock was 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 shares were 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 shares were sold at an average price of $25.93, for a total value of $11,824.08.
Revolve Group Stock Performance
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Shares of NYSE RVLV opened at $35.68 on Thursday. Revolve Group, Inc. has a fifty-two week low of $13.76 and a fifty-two week high of $39.03. The firm has a market capitalization of $2.52 billion, a PE ratio of 63.71, a price-to-earnings-growth ratio of 2.24 and a beta of 2.19. The stock's 50-day simple moving average is $28.95 and its 200-day simple moving average is $22.97.
Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The business had revenue of $283.15 million for the quarter, compared to analyst estimates of $271.08 million. During the same quarter last year, the company earned $0.04 EPS. The business's quarterly revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts forecast that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
RVLV has been the subject of a number of research analyst reports. Piper Sandler raised their target price on Revolve Group from $30.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. BTIG Research raised their target price on Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Robert W. Baird raised their target price on Revolve Group from $24.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. UBS Group increased their price target on Revolve Group from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Finally, Barclays raised Revolve Group from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $17.00 to $25.00 in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.19.
View Our Latest Research Report on RVLV
Institutional Investors Weigh In On Revolve Group
Several hedge funds and other institutional investors have recently made changes to their positions in RVLV. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after buying an additional 804 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Revolve Group by 91.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,069 shares of the company's stock worth $65,000 after buying an additional 1,940 shares during the last quarter. Quarry LP purchased a new position in Revolve Group during the 2nd quarter worth approximately $68,000. nVerses Capital LLC purchased a new position in Revolve Group during the 3rd quarter worth approximately $171,000. Finally, LMR Partners LLP purchased a new position in Revolve Group during the 3rd quarter worth approximately $228,000. Institutional investors and hedge funds own 67.60% of the company's stock.
About Revolve Group
(
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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