Regis (NYSE:RGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday, February 3rd. The brokerage currently has a $17.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 4.29% from the stock’s current price.
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. “
RGS has been the topic of a number of other research reports. KeyCorp began coverage on Regis in a report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Jefferies Group restated a “buy” rating and set a $17.00 price target (up previously from $15.00) on shares of Regis in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Regis has a consensus rating of “Buy” and a consensus price target of $17.50.
Regis (NYSE:RGS) opened at $16.30 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Regis has a 12 month low of $9.02 and a 12 month high of $16.95. The stock has a market capitalization of $786.83, a PE ratio of 93.61, a P/E/G ratio of 6.51 and a beta of 1.41.
Regis (NYSE:RGS) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Regis had a positive return on equity of 1.68% and a negative net margin of 0.51%. The company had revenue of $308.52 million for the quarter, compared to the consensus estimate of $316.30 million. analysts forecast that Regis will post 0.37 earnings per share for the current year.
In related news, Director David Patrick Williams acquired 5,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $15.50 per share, with a total value of $77,500.00. Following the transaction, the director now owns 96,861 shares of the company’s stock, valued at $1,501,345.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.00% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners increased its stake in Regis by 4.9% in the 3rd quarter. Boston Partners now owns 240,700 shares of the company’s stock valued at $3,435,000 after purchasing an additional 11,350 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Regis during the third quarter worth $333,000. California Public Employees Retirement System increased its position in Regis by 5.9% during the third quarter. California Public Employees Retirement System now owns 217,872 shares of the company’s stock worth $3,109,000 after buying an additional 12,089 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Regis during the third quarter worth $1,146,000. Finally, Renaissance Technologies LLC increased its position in Regis by 11.5% during the second quarter. Renaissance Technologies LLC now owns 1,960,200 shares of the company’s stock worth $20,131,000 after buying an additional 202,700 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.
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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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