Insider Buying: Viet D. Dinh Acquires 2,925 Shares of Revlon Stock (REV)
Revlon (NYSE:REV) Director Viet D. Dinh acquired 2,925 shares of Revlon stock on the open market in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $34.17 per share, with a total value of $99,947.25. Following the purchase, the director now directly owns 2,925 shares of the company’s stock, valued at approximately $99,947. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Revlon (NYSE:REV) traded down 0.56% on Wednesday, hitting $33.76. 48,174 shares of the company’s stock traded hands. Revlon has a one year low of $22.12 and a one year high of $34.32. The stock has a 50-day moving average of $31.14 and a 200-day moving average of $28.71. The company’s market cap is $1.768 billion.
Revlon (NYSE:REV) last released its earnings data on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.12. The company had revenue of $497.90 million for the quarter, compared to the consensus estimate of $490.20 million. Analysts expect that Revlon will post $2.05 EPS for the current fiscal year.
Separately, analysts at BMO Capital Markets raised their price target on shares of Revlon from $25.00 to $33.00 in a research note on Tuesday, August 12th.
Revlon, Inc is a holding company. The Company operates its business through its wholly owned subsidiary, Revlon Consumer Products Corporation and its subsidiaries.
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