Regis (NYSE:RGS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Regis Corporation owns, franchises and operates beauty salons. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters and First Choice Haircutters. Regis maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. “
A number of other research analysts have also weighed in on the company. KeyCorp began coverage on Regis in a report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Jefferies Group increased their price objective on Regis from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.50.
Regis (NYSE RGS) opened at $16.55 on Wednesday. Regis has a 1 year low of $9.02 and a 1 year high of $16.98. The stock has a market capitalization of $772.82, a PE ratio of 23.99, a P/E/G ratio of 6.25 and a beta of 1.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.07.
Regis (NYSE:RGS) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $308.52 million for the quarter, compared to analyst estimates of $316.30 million. Regis had a positive return on equity of 1.68% and a negative net margin of 0.51%. equities analysts predict that Regis will post 0.37 earnings per share for the current fiscal year.
In related news, Director David Patrick Williams bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $15.50 per share, with a total value of $77,500.00. Following the completion of the acquisition, the director now directly owns 96,861 shares in the company, valued at $1,501,345.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Regis by 1.8% during the fourth quarter. BlackRock Inc. now owns 4,618,760 shares of the company’s stock worth $70,946,000 after acquiring an additional 83,859 shares during the period. State Street Corp grew its holdings in Regis by 2.6% during the second quarter. State Street Corp now owns 909,613 shares of the company’s stock worth $9,340,000 after acquiring an additional 23,241 shares during the period. Northern Trust Corp grew its holdings in Regis by 84.5% during the second quarter. Northern Trust Corp now owns 876,077 shares of the company’s stock worth $8,998,000 after acquiring an additional 401,194 shares during the period. Bank of New York Mellon Corp grew its holdings in Regis by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 393,019 shares of the company’s stock worth $6,037,000 after acquiring an additional 13,277 shares during the period. Finally, Oaktree Capital Management LP acquired a new stake in Regis during the third quarter worth about $4,593,000. 95.62% of the stock is currently owned by hedge funds and other institutional investors.
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Regis Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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