27,286 Shares in Revolve Group, Inc. $RVLV Acquired by Index Fund Advisors Inc.

Index Fund Advisors Inc. purchased a new position in shares of Revolve Group, Inc. (NYSE:RVLV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 27,286 shares of the company’s stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its position in Revolve Group by 5,057.8% during the 1st quarter. GAMMA Investing LLC now owns 11,605 shares of the company’s stock worth $249,000 after acquiring an additional 11,380 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Revolve Group by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock worth $2,481,000 after buying an additional 3,827 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Revolve Group by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 102,440 shares of the company’s stock worth $2,201,000 after buying an additional 5,390 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 buying an additional 98,413 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Revolve Group by 3.4% in the 1st quarter. Rhumbline Advisers now owns 55,133 shares of the company’s stock worth $1,185,000 after buying an additional 1,788 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RVLV shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Revolve Group in a research report on Wednesday, October 8th. UBS Group reiterated a “neutral” rating and issued a $22.00 price objective (up from $19.00) on shares of Revolve Group in a research report on Friday, July 25th. Zacks Research lowered Revolve Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Morgan Stanley lifted their price objective on Revolve Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial lifted their price objective on Revolve Group from $21.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.40.

Revolve Group Stock Down 5.5%

RVLV opened at $20.04 on Monday. The stock has a market cap of $1.43 billion, a PE ratio of 32.32, a PEG ratio of 2.19 and a beta of 1.88. The business has a 50 day moving average of $22.03 and a 200-day moving average of $21.06. Revolve Group, Inc. has a 52 week low of $16.80 and a 52 week high of $39.58.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $308.97 million during the quarter, compared to analysts’ expectations of $297.91 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Equities analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current year.

Revolve Group Profile

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.