Regis (NYSE:RGS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $18.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 12.43% from the company’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. “
Separately, KeyCorp began coverage on Regis in a research note on Wednesday, December 20th. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.00.
Regis (NYSE:RGS) opened at $16.01 on Tuesday. Regis has a twelve month low of $9.02 and a twelve month high of $17.13. The stock has a market capitalization of $743.40, a P/E ratio of -94.17, a price-to-earnings-growth ratio of 4.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.52.
Regis (NYSE:RGS) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $316.30 million. equities research analysts predict that Regis will post 0.37 EPS for the current fiscal year.
In other Regis news, Director David Patrick Williams bought 5,000 shares of Regis stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $15.50 per share, with a total value of $77,500.00. Following the purchase, the director now directly owns 96,861 shares in the company, valued at approximately $1,501,345.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 24.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Regis by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,110 shares of the company’s stock worth $309,000 after buying an additional 163 shares during the period. Public Employees Retirement System of Ohio increased its position 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 worth $121,000 after purchasing an additional 1,353 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Regis by 13.5% during the second quarter. Voya Investment Management LLC now owns 23,379 shares of the company’s stock worth $240,000 after purchasing an additional 2,775 shares in the last quarter. Aperio Group LLC increased its position in shares of Regis by 22.1% during the third quarter. Aperio Group LLC now owns 20,709 shares of the company’s stock worth $296,000 after purchasing an additional 3,755 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Regis by 24.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 25,290 shares of the company’s stock worth $361,000 after purchasing an additional 4,890 shares in the last quarter. 97.25% of the stock is 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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