Zacks Investment Research Lowers Regis (RGS) to Sell

Zacks Investment Research cut shares of Regis (NYSE:RGS) from a hold rating to a sell rating in a research report released 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. “

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Separately, KeyCorp assumed coverage on Regis in a research report on Wednesday, December 20th. They set a sector weight rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $18.00.

Shares of Regis stock opened at $14.47 on Wednesday. The firm has a market capitalization of $683.63, a price-to-earnings ratio of 81.33, a price-to-earnings-growth ratio of 4.40 and a beta of 1.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.07. Regis has a 52 week low of $9.02 and a 52 week high of $17.13.

Regis (NYSE:RGS) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.06 earnings per share (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 business had revenue of $308.52 million for the quarter, compared to the consensus estimate of $316.30 million. equities analysts expect that Regis will post 0.37 EPS for the current fiscal year.

In other news, Director David Patrick Williams purchased 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 24.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan grew its position in shares of Regis by 24.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 25,290 shares of the company’s stock worth $361,000 after buying an additional 4,890 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Regis by 37.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 22,280 shares of the company’s stock worth $318,000 after buying an additional 6,038 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Regis by 3.1% during the 4th quarter. California Public Employees Retirement System now owns 224,710 shares of the company’s stock worth $3,452,000 after buying an additional 6,838 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Regis by 5.6% during the 4th quarter. Acadian Asset Management LLC now owns 139,301 shares of the company’s stock worth $2,141,000 after buying an additional 7,389 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Regis during the 3rd quarter worth $127,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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Regis Company Profile

Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through four segments: North American Value, North American Franchise, North American Premium, and International. Its salons offer haircutting and styling, including shampooing and conditioning; custom styling, cutting, and hair coloring, as well as professional hair care products; and other services.

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