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

Teacher Retirement System of Texas reduced its stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,805 shares of the company's stock after selling 48,153 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of Revolve Group worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in Revolve Group in the 4th quarter worth approximately $65,000. Northwest & Ethical Investments L.P. bought a new stake in Revolve Group during the fourth quarter valued at about $87,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Revolve Group during the fourth quarter worth about $117,000. Neo Ivy Capital Management acquired a new stake in shares of Revolve Group during the fourth quarter worth about $156,000. Finally, AlphaQuest LLC lifted its holdings in shares of 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 purchasing an additional 396 shares during the period. Institutional investors own 67.60% of the company's stock.

Analyst Ratings Changes

RVLV has been the topic of a number of recent analyst reports. Barclays reiterated a "reduce" rating on shares of Revolve Group in a report on Wednesday, May 7th. Morgan Stanley dropped their price target on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. KeyCorp lowered their target price on Revolve Group from $37.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird lifted their price objective on Revolve Group from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Finally, UBS Group reduced their price objective on Revolve Group from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Revolve Group currently has an average rating of "Moderate Buy" and an average target price of $26.20.

Revolve Group Trading Down 2.1%

NYSE:RVLV traded down $0.46 on Tuesday, hitting $20.95. 573,879 shares of the stock were exchanged, compared to its average volume of 1,211,814. The stock has a market cap of $1.49 billion, a PE ratio of 30.36, a PEG ratio of 3.12 and a beta of 1.98. The stock has a fifty day moving average of $20.50 and a 200-day moving average of $24.05. Revolve Group, Inc. has a fifty-two week low of $16.08 and a fifty-two week high of $39.58.

Revolve Group (NYSE:RVLV - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Revolve Group had a return on equity of 11.76% and a net margin of 4.37%. The company had revenue of $296.71 million during the quarter, compared to the consensus estimate of $297.56 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company's revenue was up 9.7% compared to the same quarter last year. As a group, analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

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.