Northern Trust Corp lifted its stake in shares of Regis Co. (NYSE:RGS) by 0.6% during the 1st quarter, HoldingsChannel reports. The firm owned 867,977 shares of the company’s stock after buying an additional 5,581 shares during the period. Northern Trust Corp’s holdings in Regis were worth $13,132,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Regis by 170.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,192 shares of the company’s stock worth $109,000 after purchasing an additional 4,534 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Regis by 0.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 516,524 shares of the company’s stock worth $7,816,000 after purchasing an additional 4,635 shares in the last quarter. California Public Employees Retirement System grew its holdings 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 purchasing an additional 6,838 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Regis by 20.4% during the 4th quarter. Alliancebernstein L.P. now owns 60,604 shares of the company’s stock worth $931,000 after purchasing an additional 10,260 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Regis by 13.4% during the 4th quarter. Rhumbline Advisers now owns 87,544 shares of the company’s stock worth $1,345,000 after purchasing an additional 10,367 shares in the last quarter. 93.67% of the stock is currently owned by institutional investors.
Shares of RGS stock opened at $16.81 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.74 and a debt-to-equity ratio of 0.18. Regis Co. has a twelve month low of $9.40 and a twelve month high of $18.63. The firm has a market cap of $762.93 million, a P/E ratio of 280.17 and a beta of 1.35.
Regis (NYSE:RGS) last announced its quarterly earnings data on Tuesday, May 1st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.31. Regis had a return on equity of 5.24% and a net margin of 0.39%. The business had revenue of $300.80 million during the quarter, compared to the consensus estimate of $309.50 million. During the same period in the prior year, the company earned $0.07 EPS.
Several research firms have recently issued reports on RGS. TheStreet lowered Regis from a “b-” rating to a “c+” rating in a report on Monday, May 7th. ValuEngine upgraded Regis from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Regis from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.00.
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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