Regis (NASDAQ:RGS) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Regis (NASDAQ:RGS) to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Regis in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Regis Stock Performance

Shares of RGS opened at $24.44 on Friday. The firm has a market capitalization of $61.10 million, a price-to-earnings ratio of 0.56 and a beta of 1.39. The firm has a 50 day simple moving average of $22.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.53. Regis has a 12 month low of $15.00 and a 12 month high of $31.50.

Regis (NASDAQ:RGS) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.60 earnings per share (EPS) for the quarter. Regis had a net margin of 50.79% and a return on equity of 4.08%. The business had revenue of $57.12 million for the quarter.

Institutional Investors Weigh In On Regis

A number of institutional investors have recently modified their holdings of RGS. Geode Capital Management LLC increased its position in shares of Regis by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 26,695 shares of the company’s stock worth $741,000 after acquiring an additional 478 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Regis by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 13,344 shares of the company’s stock worth $370,000 after purchasing an additional 1,500 shares during the last quarter. DRW Securities LLC acquired a new position in Regis during the fourth quarter worth approximately $247,000. Mink Brook Asset Management LLC purchased a new stake in Regis in the 3rd quarter valued at $267,000. Finally, Diametric Capital LP purchased a new stake in shares of Regis in the second quarter valued at about $233,000. 31.50% of the stock is owned by institutional investors and hedge funds.

About Regis

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.