Regis Co. (RGS) Given Consensus Rating of “Buy” by Brokerages

Shares of Regis Co. (NYSE:RGS) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

Several equities research analysts have recently commented on RGS shares. Zacks Investment Research upgraded Regis from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, November 15th. Jefferies Group boosted their price objective on Regis from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, KeyCorp started coverage on Regis in a report on Wednesday, December 20th. They set a “sector weight” rating for the company.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Regis by 13.0% during the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock valued at $121,000 after acquiring an additional 1,353 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Regis during the third quarter valued at approximately $127,000. BNP Paribas Arbitrage SA grew its holdings in Regis by 41.0% during the second quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock worth $167,000 after buying an additional 4,721 shares in the last quarter. Trexquant Investment LP bought a new stake in Regis during the third quarter worth $213,000. Finally, Thrivent Financial For Lutherans grew its holdings in Regis by 6.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,090 shares of the company’s stock worth $217,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Shares of Regis (RGS) opened at $15.37 on Friday. The firm has a market capitalization of $715.97, a P/E ratio of -16.89, a price-to-earnings-growth ratio of 9.76 and a beta of 1.44. Regis has a 1-year low of $9.02 and a 1-year high of $16.68. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 0.25.

Regis (NYSE:RGS) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The firm 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 in the prior year, the firm earned $0.12 EPS. equities analysts anticipate that Regis will post 0.22 EPS for the current year.

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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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