Dimensional Fund Advisors LP Has $22.21 Million Stock Holdings in Revolve Group, Inc. (NYSE:RVLV)

Dimensional Fund Advisors LP lowered its position in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 663,074 shares of the company's stock after selling 46,548 shares during the quarter. Dimensional Fund Advisors LP owned 0.94% of Revolve Group worth $22,208,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RVLV. First Trust Advisors LP purchased a new stake in Revolve Group during the fourth quarter valued at about $209,000. Commerce Bank acquired a new stake in shares of Revolve Group in the 4th quarter valued at about $215,000. CANADA LIFE ASSURANCE Co grew its position in shares of Revolve Group by 149.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 13,068 shares of the company's stock worth $437,000 after acquiring an additional 7,829 shares in the last quarter. EAM Global Investors LLC acquired a new position in Revolve Group in the fourth quarter worth $4,440,000. Finally, EAM Investors LLC acquired a new stake in shares of Revolve Group during the 4th quarter worth approximately $3,969,000. 67.60% of the stock is currently owned by institutional investors and hedge funds.

Revolve Group Stock Performance

Shares of NYSE RVLV traded up $1.62 during trading on Monday, reaching $19.33. The company had a trading volume of 549,885 shares, compared to its average volume of 1,144,007. The business's 50 day moving average price is $20.96 and its 200-day moving average price is $28.01. The stock has a market cap of $1.38 billion, a PE ratio of 34.51, a PEG ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm's revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Equities analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In related news, CEO Michael Mente sold 65,722 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.10, for a total value of $1,978,232.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,197,300. This trade represents a 47.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the sale, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,406 shares of company stock valued at $4,378,812 in the last quarter. Company insiders own 43.82% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RVLV shares. Robert W. Baird decreased their target price on shares of Revolve Group from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley cut their price target on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Raymond James decreased their price objective on Revolve Group from $25.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. BMO Capital Markets upped their price target on shares of Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Finally, KeyCorp cut their price target on shares of Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Revolve Group has an average rating of "Moderate Buy" and an average target price of $26.00.

Revolve Group Company 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.