Teacher Retirement System of Texas Sells 4,660 Shares of Revolve Group, Inc. $RVLV

Teacher Retirement System of Texas reduced its stake in shares of Revolve Group, Inc. (NYSE:RVLV) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,145 shares of the company’s stock after selling 4,660 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Revolve Group worth $1,447,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of Revolve Group by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 102,440 shares of the company’s stock valued at $2,201,000 after buying an additional 5,390 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Revolve Group by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 115,457 shares of the company’s stock valued at $2,481,000 after buying an additional 3,827 shares during the period. Stephens Investment Management Group LLC increased its stake in shares of Revolve Group by 9.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 636,051 shares of the company’s stock valued at $13,669,000 after buying an additional 56,290 shares during the period. CWM LLC increased its stake in shares of Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company’s stock valued at $62,000 after buying an additional 836 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Revolve Group in the 1st quarter valued at $5,246,000. 67.60% of the stock is owned by institutional investors.

Revolve Group Stock Down 6.8%

Shares of NYSE RVLV opened at $19.85 on Wednesday. The company’s fifty day moving average is $22.37 and its 200-day moving average is $21.25. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.31 and a beta of 1.93. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, November 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The firm had revenue of $295.63 million during the quarter, compared to analysts’ expectations of $297.36 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group lifted their target price on Revolve Group from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Revolve Group in a research note on Wednesday, October 8th. Piper Sandler lifted their price objective on Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Morgan Stanley lifted their price objective on Revolve Group from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial lifted their price objective on Revolve Group from $21.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has an average rating of “Moderate Buy” and an average price target of $27.47.

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.