Deutsche Bank AG reduced its holdings in shares of Regis Co. (NYSE:RGS) by 39.6% during the fourth quarter, Holdings Channel reports. The fund owned 114,928 shares of the company’s stock after selling 75,316 shares during the period. Deutsche Bank AG’s holdings in Regis were worth $1,946,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc grew its position in Regis by 2.4% during the third quarter. Vanguard Group Inc now owns 3,433,369 shares of the company’s stock valued at $70,144,000 after acquiring an additional 81,983 shares during the last quarter. BlackRock Inc. grew its position in Regis by 1.1% during the fourth quarter. BlackRock Inc. now owns 5,016,320 shares of the company’s stock valued at $85,026,000 after acquiring an additional 52,387 shares during the last quarter. Legal & General Group Plc grew its position in Regis by 4.6% during the third quarter. Legal & General Group Plc now owns 75,557 shares of the company’s stock valued at $1,542,000 after acquiring an additional 3,309 shares during the last quarter. Acadian Asset Management LLC grew its position in Regis by 18.8% during the fourth quarter. Acadian Asset Management LLC now owns 597,331 shares of the company’s stock valued at $10,124,000 after acquiring an additional 94,533 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Regis during the third quarter valued at approximately $6,591,000. Institutional investors and hedge funds own 97.42% of the company’s stock.
A number of research analysts have commented on RGS shares. TheStreet upgraded shares of Regis from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Loop Capital started coverage on shares of Regis in a research report on Friday, April 5th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Investment Research upgraded shares of Regis from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, March 27th. Finally, ValuEngine cut shares of Regis from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.
Shares of NYSE RGS opened at $19.00 on Tuesday. The company has a market cap of $754.83 million, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 2.61 and a beta of 1.31. Regis Co. has a one year low of $15.06 and a one year high of $22.40. The company has a current ratio of 1.62, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.
Regis (NYSE:RGS) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.29. The firm had revenue of $258.34 million during the quarter, compared to analyst estimates of $276.60 million. Regis had a positive return on equity of 10.20% and a negative net margin of 0.36%. As a group, sell-side analysts predict that Regis Co. will post 0.96 EPS for the current fiscal year.
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Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.
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