Teacher Retirement System of Texas Invests $4.19 Million in Revolve Group, Inc. (NYSE:RVLV)

Teacher Retirement System of Texas purchased a new stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 124,958 shares of the company's stock, valued at approximately $4,185,000. Teacher Retirement System of Texas owned about 0.18% of Revolve Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RVLV. JPMorgan Chase & Co. increased its holdings in Revolve Group by 83.4% in the third quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock valued at $8,665,000 after buying an additional 158,960 shares during the last quarter. Barclays PLC grew its holdings in shares of Revolve Group by 156.7% in the 3rd quarter. Barclays PLC now owns 85,613 shares of the company's stock worth $2,122,000 after acquiring an additional 52,257 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Revolve Group in the third quarter valued at approximately $1,509,000. Franklin Resources Inc. raised its stake in Revolve Group by 6.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company's stock valued at $699,000 after purchasing an additional 1,753 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Revolve Group by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after purchasing an additional 3,470 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

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Revolve Group Trading Down 0.7 %

Shares of NYSE:RVLV traded down $0.17 during trading on Tuesday, reaching $23.34. 1,146,051 shares of the stock were exchanged, compared to its average volume of 1,020,705. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The stock has a 50-day moving average price of $27.90 and a 200-day moving average price of $29.17. The firm has a market cap of $1.66 billion, a PE ratio of 41.68, a PEG ratio of 1.48 and a beta of 2.25.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RVLV shares. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 target price for the company in a research report on Thursday, January 23rd. Roth Mkm reaffirmed a "buy" rating and set a $36.00 price target (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Stifel Nicolaus reduced their price target on shares of Revolve Group from $41.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. BMO Capital Markets boosted their price objective on 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, Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Friday, March 14th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Revolve Group currently has an average rating of "Moderate Buy" and a consensus price target of $30.53.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares of the company's stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 69,605 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,173,210. This trade represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 372,373 shares of company stock valued at $11,268,499 in the last three months. Corporate insiders own 46.56% of the company's stock.

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.