Zacks Investment Research Upgrades Regis (RGS) to Buy

Zacks Investment Research upgraded shares of Regis (NYSE:RGS) from a hold rating to a buy rating in a research note issued to investors on Wednesday, November 15th. Zacks Investment Research currently has $16.00 target price 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. “

A number of other equities research analysts also recently weighed in on RGS. Jefferies Group raised their target price on shares of Regis from $17.00 to $18.00 and gave the company a buy rating in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Regis from a sell rating to a hold rating in a research report on Thursday, August 3rd. Finally, ValuEngine raised Regis from a sell rating to a hold rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Regis has an average rating of Buy and an average price target of $17.00.

Shares of Regis (NYSE RGS) opened at $15.84 on Wednesday. Regis has a 1-year low of $9.02 and a 1-year high of $16.55. The company has a current ratio of 1.94, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25. The firm has a market cap of $742.99, a P/E ratio of 177.22, a price-to-earnings-growth ratio of 11.99 and a beta of 1.43.

Regis (NYSE:RGS) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The business had revenue of $309.87 million for the quarter, compared to the consensus estimate of $334.10 million. Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same quarter last year, the firm posted $0.12 EPS. equities analysts predict that Regis will post 0.19 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cramer Rosenthal Mcglynn LLC increased its position in shares of Regis by 15.1% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 3,578,452 shares of the company’s stock valued at $36,751,000 after purchasing an additional 469,955 shares during the last quarter. Northern Trust Corp grew its position in shares of Regis by 84.5% during the 2nd quarter. Northern Trust Corp now owns 876,077 shares of the company’s stock worth $8,998,000 after buying an additional 401,194 shares in the last quarter. Oaktree Capital Management LP bought a new position in shares of Regis during the 3rd quarter worth $4,593,000. Boston Partners bought a new position in shares of Regis during the 2nd quarter worth $2,356,000. Finally, Citadel Advisors LLC grew its position in shares of Regis by 230.4% during the 2nd quarter. Citadel Advisors LLC now owns 307,170 shares of the company’s stock worth $3,154,000 after buying an additional 214,203 shares in the last quarter. 95.69% of the stock is currently owned by institutional investors and hedge funds.

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Regis Company Profile

Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.

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