Regis (RGS) Earns Sector Weight Rating from Analysts at KeyCorp

Equities researchers at KeyCorp assumed coverage on shares of Regis (NYSE:RGS) in a research note issued on Wednesday, December 20th, Marketbeat.com reports. The firm set a “sector weight” rating on the stock.

RGS has been the topic of several other research reports. Zacks Investment Research downgraded Regis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Jefferies Group upped their price objective on Regis from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. BidaskClub upgraded Regis from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, ValuEngine upgraded Regis from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Regis currently has an average rating of “Buy” and an average price target of $17.00.

Regis (NYSE:RGS) opened at $15.37 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.94. Regis has a 12-month low of $9.02 and a 12-month high of $16.68. The firm has a market capitalization of $715.50, a PE ratio of -80.89, a PEG ratio of 9.68 and a beta of 1.44.

Regis (NYSE:RGS) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The firm had revenue of $309.87 million during the quarter, compared to the consensus estimate of $334.10 million. Regis had a positive return on equity of 0.81% and a negative net margin of 2.70%. During the same period in the previous year, the firm earned $0.12 EPS. sell-side analysts predict that Regis will post 0.23 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Regis during the 3rd quarter worth $127,000. Public Employees Retirement System of Ohio lifted its stake in shares of Regis by 13.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock worth $121,000 after purchasing an additional 1,353 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Regis during the 3rd quarter worth $213,000. Wedge Capital Management L L P NC lifted its stake in shares of Regis by 10.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 15,716 shares of the company’s stock worth $161,000 after purchasing an additional 1,464 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Regis by 41.0% in the second quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock valued at $167,000 after buying an additional 4,721 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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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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