Index Fund Advisors Inc. Invests $547,000 in Revolve Group, Inc. $RVLV

Key Points

• Index Fund Advisors Inc. invested approximately $547,000 in Revolve Group, Inc. by purchasing 27,286 shares during the 2nd quarter.
• Revolve Group reported a 9.3% increase in quarterly revenue, totaling $308.97 million, surpassing analysts' expectations.
• Analysts have set a consensus target price of $27.40 for Revolve Group, reflecting a generally positive outlook with multiple upgrades in stock ratings.

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

Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in Revolve Group during the 1st quarter worth about $25,000. CWM LLC lifted its holdings in Revolve Group by 40.4% during the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock worth $62,000 after purchasing an additional 836 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Revolve Group during the 1st quarter worth about $203,000. Perbak Capital Partners LLP purchased a new stake in Revolve Group during the 1st quarter worth about $221,000. Finally, DRW Securities LLC purchased a new stake in Revolve Group during the 1st quarter worth about $226,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Trading Down 5.5%

Shares of NYSE RVLV opened at $20.04 on Monday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 2.19 and a beta of 1.88. Revolve Group, Inc. has a 1-year low of $16.80 and a 1-year high of $39.58. The stock's 50-day moving average is $22.03 and its 200 day moving average is $21.06.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The company had revenue of $308.97 million for the quarter, compared to analysts' expectations of $297.91 million. During the same period last year, the firm posted $0.21 EPS. Revolve Group's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts forecast that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Raymond James Financial increased their price objective on Revolve Group from $21.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Piper Sandler raised their price target on Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Revolve Group in a report on Wednesday, October 8th. Morgan Stanley raised their price target on Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Zacks Research cut Revolve Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.40.

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.

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