Michael Mente Sells 78,619 Shares of Revolve Group (NYSE:RVLV) Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 78,619 shares of Revolve Group stock in a transaction on Friday, December 19th. The stock was sold at an average price of $28.78, for a total transaction of $2,262,654.82. 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 Monday, December 22nd, Michael Mente sold 63,045 shares of Revolve Group stock. The shares were sold at an average price of $29.67, for a total value of $1,870,545.15.
• 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 shares were sold at an average price of $26.02, for a total value 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 value of $3,041,020.08.
• On Tuesday, December 2nd, Michael Mente sold 23,152 shares of Revolve Group stock. The stock was sold at an average price of $25.94, for a total value of $600,562.88.

Revolve Group Price Performance

Shares of RVLV stock opened at $29.81 on Wednesday. The stock has a market cap of $2.13 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 3.30 and a beta of 1.84. The stock has a 50-day moving average of $24.09 and a 200-day moving average of $22.47. Revolve Group, Inc. has a one year low of $16.80 and a one year high of $34.39.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. Revolve Group had a net margin of 4.64% and a return on equity of 11.26%. The firm had revenue of $295.63 million during the quarter, compared to analysts’ expectations of $297.36 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

RVLV has been the topic of several research analyst reports. Zacks Research downgraded Revolve Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Barclays raised their price target on Revolve Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. UBS Group lifted their price objective on Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Revolve Group in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $29.00 price target on shares of Revolve Group in a research note on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.14.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Revolve Group by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 3,930,620 shares of the company’s stock valued at $84,469,000 after buying an additional 98,413 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Revolve Group by 3.7% in the third quarter. William Blair Investment Management LLC now owns 1,841,578 shares of the company’s stock valued at $39,226,000 after purchasing an additional 65,843 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Revolve Group by 18.4% in the third quarter. Balyasny Asset Management L.P. now owns 1,196,171 shares of the company’s stock valued at $25,478,000 after purchasing an additional 186,294 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of Revolve Group in the third quarter worth $22,164,000. Finally, Marshall Wace LLP boosted its holdings in Revolve Group by 89.3% during the third quarter. Marshall Wace LLP now owns 1,031,294 shares of the company’s stock worth $21,967,000 after purchasing an additional 486,616 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Company Profile

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.