Teacher Retirement System of Texas Makes New Investment in Revolve Group, Inc. (NYSE:RVLV)

Teacher Retirement System of Texas bought a new stake in Revolve Group, Inc. (NYSE:RVLV) in the 4th quarter, Holdings Channel reports. The institutional investor bought 124,958 shares of the company’s stock, valued at approximately $4,185,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Revolve Group in the 4th quarter valued at $50,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Revolve Group during the 4th quarter worth $117,000. AlphaQuest LLC raised its holdings in shares of Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after buying an additional 396 shares in the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Revolve Group during the 4th quarter worth $211,000. Institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

RVLV has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a report on Thursday, January 23rd. Roth Mkm restated a “buy” rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a research report 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 for the company in a report on Friday, March 14th. Finally, BMO Capital Markets raised their price objective on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.53.

Revolve Group Price Performance

Shares of RVLV opened at $23.55 on Tuesday. The business has a 50-day moving average of $27.90 and a 200-day moving average of $29.17. Revolve Group, Inc. has a 1 year low of $14.87 and a 1 year high of $39.58. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Transactions at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction on Monday, March 3rd. The shares were 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. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 45,987 shares of Revolve Group stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $30.50, for a total transaction of $1,402,603.50. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,226,500. This trade represents a 38.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 372,373 shares of company stock worth $11,268,499. Company insiders own 46.56% of the company’s stock.

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.