Revlon (REV) Sets New 52-Week High at $26.84

Revlon Inc (NYSE:REV) reached a new 52-week high during trading on Tuesday . The stock traded as high as $26.84 and last traded at $25.72, with a volume of 7168 shares. The stock had previously closed at $25.23.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Revlon from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price objective on shares of Revlon in a research note on Friday, August 10th. Finally, ValuEngine lowered Revlon from a “buy” rating to a “hold” rating in a research note on Friday, September 28th.

The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of -2.70. The company has a market capitalization of $1.19 billion, a P/E ratio of -13.73 and a beta of 0.27.

Revlon (NYSE:REV) last posted its quarterly earnings data on Thursday, August 9th. The company reported ($1.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($1.27). The business had revenue of $606.80 million during the quarter, compared to the consensus estimate of $637.30 million. On average, analysts expect that Revlon Inc will post -3.15 EPS for the current year.

In related news, Director Ronald O. Perelman purchased 138,943 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average cost of $16.34 per share, for a total transaction of $2,270,328.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald O. Perelman purchased 75,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was bought at an average price of $17.30 per share, with a total value of $1,297,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 428,943 shares of company stock valued at $7,888,729. 85.00% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Mittleman Brothers LLC grew its position in shares of Revlon by 13.3% in the second quarter. Mittleman Brothers LLC now owns 3,352,585 shares of the company’s stock valued at $58,838,000 after purchasing an additional 394,720 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of Revlon by 81.1% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 934,389 shares of the company’s stock valued at $16,399,000 after purchasing an additional 418,317 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Revlon by 9.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 63,315 shares of the company’s stock valued at $1,305,000 after purchasing an additional 5,240 shares in the last quarter. AMS Capital Ltda purchased a new stake in shares of Revlon in the second quarter valued at approximately $956,000. Finally, Bank of America Corp DE grew its position in shares of Revlon by 400.7% in the second quarter. Bank of America Corp DE now owns 21,425 shares of the company’s stock valued at $376,000 after purchasing an additional 17,146 shares in the last quarter. Institutional investors and hedge funds own 14.84% of the company’s stock.

About Revlon (NYSE:REV)

Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.

Further Reading: 52-Week High/Low

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