California Public Employees Retirement System decreased its stake in Regis Co. (NYSE:RGS) by 35.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,253 shares of the company’s stock after selling 57,649 shares during the quarter. California Public Employees Retirement System owned 0.23% of Regis worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in RGS. Piedmont Investment Advisors LLC acquired a new position in Regis in the second quarter valued at about $134,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Regis by 72.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,392 shares of the company’s stock valued at $205,000 after buying an additional 5,200 shares during the period. SG Americas Securities LLC acquired a new position in Regis in the second quarter valued at about $218,000. AMP Capital Investors Ltd acquired a new position in Regis in the second quarter valued at about $255,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Regis in the second quarter valued at about $377,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
RGS has been the topic of several analyst reports. Zacks Investment Research raised Regis from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Saturday, August 25th. TheStreet raised Regis from a “c+” rating to a “b” rating in a research note on Tuesday, August 21st. Finally, ValuEngine lowered Regis from a “buy” rating to a “hold” rating in a research note on Thursday.
NYSE:RGS opened at $17.35 on Friday. Regis Co. has a 1-year low of $13.79 and a 1-year high of $22.40. The company has a current ratio of 1.88, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $755.80 million, a price-to-earnings ratio of 29.41, a P/E/G ratio of 2.92 and a beta of 1.46.
Regis (NYSE:RGS) last announced its quarterly earnings results on Tuesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.22). Regis had a return on equity of 6.86% and a net margin of 2.60%. The business had revenue of $287.84 million during the quarter, compared to the consensus estimate of $288.10 million. Research analysts anticipate that Regis Co. will post 0.65 EPS for the current year.
Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.
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