Regis (NASDAQ:RGS) Now Covered by Analysts at Lake Street Capital

Equities research analysts at Lake Street Capital began coverage on shares of Regis (NASDAQ:RGS) in a report issued on Tuesday. The firm set a “buy” rating and a $42.00 price target on the stock. Lake Street Capital’s price target points to a potential upside of 45.83% from the stock’s current price.

Several other research analysts have also commented on the stock. Wall Street Zen raised shares of Regis to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings raised shares of Regis from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Regis Price Performance

NASDAQ:RGS opened at $28.80 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average price is $26.06. Regis has a 52 week low of $18.20 and a 52 week high of $31.50. The company has a market cap of $72 million, a P/E ratio of 0.66 and a beta of 1.37.

Regis (NASDAQ:RGS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of ($0.30) by $0.87. Regis had a net margin of 52.01% and a return on equity of 3.60%. The business had revenue of $52.41 million during the quarter, compared to analyst estimates of $123.65 million.

Institutional Trading of Regis

A number of institutional investors have recently made changes to their positions in the stock. Kent Lake PR LLC bought a new stake in shares of Regis in the 2nd quarter worth approximately $412,000. Aspire Growth Partners LLC increased its stake in Regis by 119.7% in the 3rd quarter. Aspire Growth Partners LLC now owns 32,187 shares of the company’s stock valued at $938,000 after buying an additional 17,538 shares during the period. GSA Capital Partners LLP acquired a new position in Regis in the 3rd quarter valued at approximately $335,000. Mink Brook Asset Management LLC acquired a new stake in shares of Regis during the 3rd quarter valued at about $267,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Regis by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,695 shares of the company’s stock valued at $741,000 after buying an additional 478 shares during the last quarter. 31.50% of the stock is owned by institutional investors and hedge funds.

Regis Company Profile

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.