Dimensional Fund Advisors LP Purchases 123,745 Shares of Revolve Group, Inc. (NYSE:RVLV)

Dimensional Fund Advisors LP increased its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 22.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 683,101 shares of the company's stock after buying an additional 123,745 shares during the period. Dimensional Fund Advisors LP owned about 0.96% of Revolve Group worth $10,867,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in Revolve Group by 7.1% in the 2nd quarter. Federated Hermes Inc. now owns 78,934 shares of the company's stock worth $1,256,000 after buying an additional 5,251 shares during the period. American Century Companies Inc. bought a new position in Revolve Group in the 2nd quarter worth $165,000. Quest Partners LLC bought a new position in Revolve Group in the 2nd quarter worth $274,000. Koss Olinger Consulting LLC bought a new position in Revolve Group in the 2nd quarter worth $1,039,000. Finally, Pier 88 Investment Partners LLC bought a new position in Revolve Group in the 2nd quarter worth $182,000. Institutional investors own 67.60% of the company's stock.

Revolve Group Stock Down 4.0 %

NYSE:RVLV traded down $0.98 during mid-day trading on Monday, hitting $23.44. 1,080,469 shares of the stock traded hands, compared to its average volume of 1,033,868. Revolve Group, Inc. has a 52 week low of $12.42 and a 52 week high of $26.14. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 71.82, a PEG ratio of 2.34 and a beta of 2.05. The firm's 50 day moving average is $22.92 and its two-hundred day moving average is $20.16.

Revolve Group (NYSE:RVLV - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The firm had revenue of $282.50 million for the quarter, compared to analysts' expectations of $277.06 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company's quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts predict that Revolve Group, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on RVLV. Piper Sandler reaffirmed an "overweight" rating and issued a $30.00 target price on shares of Revolve Group in a report on Friday, August 23rd. Robert W. Baird increased their price objective on shares of Revolve Group from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, August 14th. Evercore ISI increased their price objective on shares of Revolve Group from $20.00 to $21.00 and gave the company an "in-line" rating in a report on Wednesday, August 7th. TD Cowen increased their price objective on shares of Revolve Group from $25.00 to $28.00 and gave the company a "buy" rating in a report on Monday, August 26th. Finally, Barclays increased their price objective on shares of Revolve Group from $15.00 to $17.00 and gave the company an "underweight" rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $21.63.

Insiders Place Their Bets

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 46.56% of the company's stock.

About Revolve Group

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.