Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 38.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,805 shares of the company's stock after selling 48,153 shares during the quarter. Teacher Retirement System of Texas owned about 0.11% of Revolve Group worth $1,651,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RVLV. Charles Schwab Investment Management Inc. boosted its position in shares of Revolve Group by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 318,683 shares of the company's stock worth $10,673,000 after buying an additional 3,470 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Revolve Group during the fourth quarter worth about $333,000. AlphaQuest LLC raised its position in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after acquiring an additional 396 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Revolve Group in the fourth quarter valued at about $1,736,000. Finally, HighTower Advisors LLC grew its position in shares of Revolve Group by 86.3% in the fourth quarter. HighTower Advisors LLC now owns 18,782 shares of the company's stock valued at $629,000 after purchasing an additional 8,702 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

RVLV has been the subject of several research reports. KeyCorp cut their price objective on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Barclays restated a "reduce" rating on shares of Revolve Group in a research report on Wednesday, May 7th. Stifel Nicolaus decreased their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Cowen reaffirmed a "buy" rating on shares of Revolve Group in a research note on Friday, June 6th. Finally, Raymond James Financial decreased their price objective on Revolve Group from $25.00 to $21.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.20.

Revolve Group Price Performance

NYSE:RVLV traded down $0.21 during mid-day trading on Friday, reaching $21.58. The company's stock had a trading volume of 994,472 shares, compared to its average volume of 1,214,607. The company's fifty day simple moving average is $20.50 and its two-hundred day simple moving average is $24.11. Revolve Group, Inc. has a twelve month low of $16.08 and a twelve month high of $39.58. The stock has a market cap of $1.54 billion, a P/E ratio of 31.27, a P/E/G ratio of 3.12 and a beta of 1.98.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The firm had revenue of $296.71 million for the quarter, compared to analyst estimates of $297.56 million. During the same period last year, the company earned $0.15 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

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.