Zacks Investment Research Lowers Regis (RGS) to Hold

Regis (NYSE:RGS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Other research analysts also recently issued research reports about the company. Jefferies Group increased their target price on Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. KeyCorp initiated coverage on Regis in a report on Wednesday, December 20th. They set a “sector weight” rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $17.50.

Regis (NYSE RGS) opened at $16.18 on Wednesday. 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 1-year low of $9.02 and a 1-year high of $16.98. The company has a market capitalization of $770.48, a P/E ratio of -95.17, a price-to-earnings-growth ratio of 6.37 and a beta of 1.41.

Regis (NYSE:RGS) last released its earnings results on Thursday, February 1st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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. sell-side analysts expect that Regis will post 0.37 earnings per share for the current year.

In other news, Director David Patrick Williams bought 5,000 shares of Regis stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $15.50 per share, with a total value of $77,500.00. Following the acquisition, the director now directly owns 96,861 shares in the company, valued at approximately $1,501,345.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 24.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in shares of Regis in the 4th quarter worth approximately $279,000. Millennium Management LLC lifted its holdings in shares of Regis by 19.4% in the 4th quarter. Millennium Management LLC now owns 273,013 shares of the company’s stock worth $4,193,000 after purchasing an additional 44,397 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Regis by 40.4% in the 4th quarter. TIAA CREF Investment Management LLC now owns 254,328 shares of the company’s stock worth $3,906,000 after purchasing an additional 73,226 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Regis in the 4th quarter worth approximately $1,057,000. Finally, Deutsche Bank AG lifted its holdings in shares of Regis by 5.8% in the 4th quarter. Deutsche Bank AG now owns 309,434 shares of the company’s stock worth $4,750,000 after purchasing an additional 16,874 shares during the last quarter. 95.62% of the stock is currently owned by institutional investors and hedge funds.

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About Regis

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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