Key Points
- CEO Michael Mente sold 178,739 shares of RVLV across Dec 2–4 at prices around $25.94–$26.67, raising roughly $4.72 million, per SEC filings.
- Revolve beat quarterly EPS estimates ($0.24 vs. $0.11) on $295.6M revenue (up 4.4% y/y); the stock trades near $26.51 with a $1.89B market cap and a consensus "Moderate Buy" target of $26.21.
Revolve Group, Inc. (NYSE:RVLV - Get Free Report) CEO Michael Mente sold 23,152 shares of the company's stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $25.94, for a total transaction of $600,562.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Michael Mente also recently made the following trade(s):
- On Thursday, December 4th, Michael Mente sold 41,563 shares of Revolve Group stock. The shares were sold at an average price of $26.02, for a total transaction of $1,081,469.26.
- On Wednesday, December 3rd, Michael Mente sold 114,024 shares of Revolve Group stock. The shares were sold at an average price of $26.67, for a total transaction of $3,041,020.08.
Revolve Group Price Performance
Shares of Revolve Group stock traded up $0.55 during trading hours on Friday, reaching $26.51. The company had a trading volume of 37,781 shares, compared to its average volume of 1,302,951. Revolve Group, Inc. has a one year low of $16.80 and a one year high of $39.58. The firm has a market cap of $1.89 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 2.94 and a beta of 1.84. The business has a fifty day simple moving average of $22.33 and a 200 day simple moving average of $21.76.
Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The firm had revenue of $295.63 million for the quarter, compared to analysts' expectations of $297.36 million. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. On average, research analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current year.
Institutional Investors Weigh In On Revolve Group
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Revolve Group by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company's stock worth $84,469,000 after purchasing an additional 98,413 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Revolve Group by 4.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 84,294 shares of the company's stock valued at $1,811,000 after purchasing an additional 3,638 shares during the period. Aigen Investment Management LP bought a new position in shares of Revolve Group in the first quarter worth approximately $373,000. Nuveen LLC purchased a new position in shares of Revolve Group in the first quarter worth $2,154,000. Finally, Fox Run Management L.L.C. raised its holdings in Revolve Group by 107.6% during the 1st quarter. Fox Run Management L.L.C. now owns 22,845 shares of the company's stock valued at $491,000 after buying an additional 11,841 shares during the last quarter. Institutional investors own 67.60% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Evercore ISI restated a "mixed" rating on shares of Revolve Group in a research note on Wednesday, November 5th. Roth Capital reaffirmed a "buy" rating and issued a $30.00 target price (up from $27.00) on shares of Revolve Group in a research note on Wednesday, November 5th. Morgan Stanley boosted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 5th. BTIG Research restated a "buy" rating and set a $30.00 price objective on shares of Revolve Group in a research report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Revolve Group in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Revolve Group currently has a consensus rating of "Moderate Buy" and an average target price of $26.21.
Get Our Latest Analysis on RVLV
Revolve Group Company Profile
(
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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