Revolve Group, Inc. (NYSE:RVLV) CEO Sells $11,824.08 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 456 shares of Revolve Group stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $25.93, for a total value of $11,824.08. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $1,892,890. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Revolve Group Stock Down 1.2 %

Shares of RVLV traded down $0.31 during mid-day trading on Friday, hitting $25.48. 1,541,894 shares of the company’s stock traded hands, compared to its average volume of 1,042,151. The firm has a market capitalization of $1.80 billion, a P/E ratio of 74.94, a PEG ratio of 2.28 and a beta of 2.04. The business’s 50-day moving average price is $21.29 and its 200-day moving average price is $19.88. Revolve Group, Inc. has a 1 year low of $12.25 and a 1 year high of $25.96.

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

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. bought a new stake in Revolve Group in the first quarter worth $45,000. Quarry LP bought a new position in Revolve Group in the 2nd quarter worth about $68,000. Assetmark Inc. grew its position 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 purchasing an additional 631 shares during the last quarter. American Century Companies Inc. bought a new stake in Revolve Group during the 2nd quarter valued at about $165,000. Finally, Pier 88 Investment Partners LLC bought a new position in shares of Revolve Group in the second quarter worth approximately $182,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

RVLV has been the topic of several recent research reports. BTIG Research lifted their target price on shares of Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $30.00 price objective on shares of Revolve Group in a research report on Friday, August 23rd. Robert W. Baird lifted their price objective on Revolve Group from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Evercore ISI increased their target price on shares of Revolve Group from $20.00 to $21.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Finally, Barclays dropped their price target on shares of Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Revolve Group presently has a consensus rating of “Hold” and a consensus price target of $21.44.

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.