Key Points
- CEO Michael Mente sold 63,045 shares of Revolve on December 22 at an average price of $29.67, generating about $1.87 million in proceeds.
- Across six insider sales between December 2 and December 22, Mente sold roughly 408,847 shares for a total of approximately $11.37 million.
- Revolve (RVLV) opened around $29.71 (up ~2.5%), has a market cap of $2.12 billion, a consensus analyst rating of "Moderate Buy" with a $27.14 price target, and recently reported an EPS beat for the quarter.
Revolve Group, Inc. (NYSE:RVLV - Get Free Report) CEO Michael Mente sold 63,045 shares of the company's stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $29.67, for a total transaction of $1,870,545.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Michael Mente also recently made the following trade(s):
- On Friday, December 19th, Michael Mente sold 78,619 shares of Revolve Group stock. The shares were sold at an average price of $28.78, for a total transaction of $2,262,654.82.
- On Thursday, December 18th, Michael Mente sold 88,444 shares of Revolve Group stock. The stock was sold at an average price of $28.41, for a total value of $2,512,694.04.
- On Thursday, December 4th, Michael Mente sold 41,563 shares of Revolve Group stock. The stock was 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.
- On Tuesday, December 2nd, Michael Mente sold 23,152 shares of Revolve Group stock. The shares were sold at an average price of $25.94, for a total value of $600,562.88.
Revolve Group Stock Up 2.5%
RVLV opened at $29.71 on Tuesday. The firm has a market cap of $2.12 billion, a P/E ratio of 39.09, a PEG ratio of 3.22 and a beta of 1.84. Revolve Group, Inc. has a 52 week low of $16.80 and a 52 week high of $34.53. The business's fifty day simple moving average is $23.92 and its 200 day simple moving average is $22.42.
Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.11 by $0.13. The firm had revenue of $295.63 million during the quarter, compared to analysts' expectations of $297.36 million. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. Revolve Group's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. As a group, equities analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.
Analysts Set New Price Targets
RVLV has been the subject of several research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Revolve Group in a research note on Wednesday, October 8th. Stifel Nicolaus upped their price target on shares of Revolve Group from $28.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, December 12th. Evercore ISI reiterated a "mixed" rating on shares of Revolve Group in a report on Wednesday, November 5th. Robert W. Baird set a $29.00 price objective on Revolve Group in a research note on Wednesday, December 17th. Finally, Morgan Stanley upped their target price on Revolve Group from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 5th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.14.
View Our Latest Research Report on RVLV
Institutional Investors Weigh In On Revolve Group
A number of institutional investors have recently modified their holdings of the stock. Cooper Creek Partners Management LLC acquired a new stake in Revolve Group during the third quarter valued at approximately $22,164,000. Millennium Management LLC increased its holdings in shares of Revolve Group by 6,190.7% in the 1st quarter. Millennium Management LLC now owns 986,693 shares of the company's stock valued at $21,204,000 after acquiring an additional 1,002,893 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Revolve Group by 830.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company's stock valued at $20,248,000 after acquiring an additional 901,396 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of Revolve Group by 80.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,775,735 shares of the company's stock valued at $35,603,000 after acquiring an additional 790,205 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Revolve Group by 2,036.0% during the second quarter. Marshall Wace LLP now owns 544,678 shares of the company's stock worth $10,921,000 after purchasing an additional 519,178 shares during the last quarter. Institutional investors and hedge funds own 67.60% of the company's stock.
About Revolve Group
(
Get Free Report)
Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.
Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.
Further Reading
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