Revlon Sees Unusually Large Options Volume (REV)

Revlon Inc (NYSE:REV) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 867 call options on the company. This represents an increase of 1,214% compared to the average daily volume of 66 call options.

Shares of NYSE REV opened at $17.40 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.10 and a debt-to-equity ratio of -3.10. Revlon has a 52-week low of $15.60 and a 52-week high of $27.90. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -9.02 and a beta of 0.48.

Revlon (NYSE:REV) last announced its quarterly earnings results on Thursday, March 15th. The company reported ($0.86) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.25) by $0.39. The business had revenue of $786.60 million during the quarter, compared to analyst estimates of $785.00 million. research analysts expect that Revlon will post -1.84 earnings per share for the current year.

A number of research firms recently issued reports on REV. ValuEngine cut shares of Revlon from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Jefferies Group set a $20.00 price objective on shares of Revlon and gave the stock a “hold” rating in a research report on Friday, March 16th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Revlon by 11.1% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 516,072 shares of the company’s stock valued at $10,631,000 after acquiring an additional 51,683 shares during the period. California Public Employees Retirement System increased its position in Revlon by 7.3% in the 4th quarter. California Public Employees Retirement System now owns 93,750 shares of the company’s stock valued at $2,044,000 after acquiring an additional 6,417 shares during the period. OZ Management LP acquired a new position in Revlon in the 1st quarter valued at approximately $1,378,000. Schwab Charles Investment Management Inc. increased its position in Revlon by 9.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 63,315 shares of the company’s stock valued at $1,305,000 after acquiring an additional 5,240 shares during the period. Finally, Deutsche Bank AG increased its position in Revlon by 114.2% in the 4th quarter. Deutsche Bank AG now owns 26,367 shares of the company’s stock valued at $574,000 after acquiring an additional 14,059 shares during the period. Hedge funds and other institutional investors own 22.29% of the company’s stock.

About Revlon

Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.

Receive News & Ratings for Revlon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply