Zacks Investment Research upgraded shares of Regis (NYSE:RGS) from a hold rating to a strong-buy rating in a research note released on Friday morning, Zacks.com reports. Zacks Investment Research currently has $20.00 price objective on the stock.
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. “
Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Regis from a c+ rating to a b- rating in a report on Wednesday, February 20th. Loop Capital initiated coverage on shares of Regis in a report on Friday, April 5th. They issued a buy rating and a $25.00 price target on the stock. Finally, ValuEngine lowered shares of Regis from a buy rating to a hold rating in a report on Wednesday, May 1st.
Shares of Regis stock opened at $19.00 on Friday. The firm has a market capitalization of $754.83 million, a price-to-earnings ratio of 32.20, a PEG ratio of 2.61 and a beta of 1.31. Regis has a 12-month low of $15.06 and a 12-month high of $22.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.62.
Regis (NYSE:RGS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.29. The business had revenue of $258.34 million for the quarter, compared to analyst estimates of $276.60 million. Regis had a negative net margin of 0.36% and a positive return on equity of 10.20%. Research analysts expect that Regis will post 0.96 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in RGS. BlackRock Inc. lifted its position in shares of Regis by 1.1% in the 4th quarter. BlackRock Inc. now owns 5,016,320 shares of the company’s stock worth $85,026,000 after purchasing an additional 52,387 shares during the period. Vanguard Group Inc lifted its position in shares of Regis by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 3,433,369 shares of the company’s stock worth $70,144,000 after purchasing an additional 81,983 shares during the period. Vanguard Group Inc. lifted its position in shares of Regis by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,433,369 shares of the company’s stock worth $70,144,000 after purchasing an additional 81,983 shares during the period. Norges Bank purchased a new stake in shares of Regis in the 4th quarter worth about $13,269,000. Finally, Acadian Asset Management LLC lifted its position in shares of Regis by 18.8% in the 4th quarter. Acadian Asset Management LLC now owns 597,331 shares of the company’s stock worth $10,124,000 after purchasing an additional 94,533 shares during the period. 97.42% of the stock is currently owned by institutional investors and hedge funds.
Regis Company Profile
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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