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 its most recent disclosure with the SEC. The fund purchased 124,958 shares of the company's stock, valued at approximately $4,185,000. Teacher Retirement System of Texas owned 0.18% of Revolve Group as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in Revolve Group in the third quarter worth about $1,509,000. Intech Investment Management LLC bought a new stake in shares of Revolve Group in the 3rd quarter worth approximately $241,000. Charles Schwab Investment Management Inc. boosted its position in Revolve Group by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,213 shares of the company's stock valued at $7,811,000 after purchasing an additional 2,963 shares during the period. Maverick Capital Ltd. bought a new position in Revolve Group during the 3rd quarter worth $2,165,000. Finally, Centiva Capital LP increased its position in Revolve Group by 238.3% in the third quarter. Centiva Capital LP now owns 56,133 shares of the company's stock worth $1,391,000 after buying an additional 39,538 shares during the period. Institutional investors own 67.60% of the company's stock.

Revolve Group Stock Performance

Shares of NYSE:RVLV traded down $0.93 during trading hours on Friday, hitting $22.24. 868,403 shares of the company's stock traded hands, compared to its average volume of 1,045,267. The company's fifty day simple moving average is $27.53 and its two-hundred day simple moving average is $29.10. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58.

Insider Activity at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Mente sold 69,605 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,173,210. The trade was a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,373 shares of company stock valued at $11,268,499 over the last ninety days. Insiders own 46.56% of the company's stock.

Wall Street Analyst Weigh In

RVLV has been the subject of several analyst reports. BMO Capital Markets boosted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Roth Mkm reissued a "buy" rating and set a $36.00 target price (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research note on Friday, March 14th. Stifel Nicolaus cut their price target on Revolve Group from $41.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Barclays increased their price objective on Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.53.

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.