TheStreet downgraded shares of Regis (NYSE:RGS) from a b rating to a c+ rating in a report released on Tuesday morning.
Separately, Zacks Investment Research upgraded Regis from a hold rating to a buy rating and set a $20.00 price objective for the company in a research report on Thursday, July 26th.
Shares of NYSE RGS opened at $17.35 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.88 and a quick ratio of 1.36. The company has a market cap of $755.80 million, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.92 and a beta of 1.46. Regis has a 12-month low of $13.79 and a 12-month high of $22.40.
Regis (NYSE:RGS) last issued its quarterly earnings data on Tuesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.22). The business had revenue of $287.84 million for the quarter, compared to analyst estimates of $288.10 million. Regis had a return on equity of 6.86% and a net margin of 2.60%. On average, analysts predict that Regis will post 0.65 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGS. BlackRock Inc. lifted its position in Regis by 0.8% in the first quarter. BlackRock Inc. now owns 4,654,392 shares of the company’s stock worth $70,420,000 after purchasing an additional 35,632 shares during the period. Principal Financial Group Inc. lifted its position in Regis by 2.7% in the first quarter. Principal Financial Group Inc. now owns 268,437 shares of the company’s stock worth $4,061,000 after purchasing an additional 7,007 shares during the period. LPL Financial LLC lifted its position in Regis by 8.2% in the first quarter. LPL Financial LLC now owns 66,091 shares of the company’s stock worth $1,000,000 after purchasing an additional 5,031 shares during the period. Allianz Asset Management GmbH lifted its position in Regis by 37.1% in the first quarter. Allianz Asset Management GmbH now owns 58,709 shares of the company’s stock worth $888,000 after purchasing an additional 15,885 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Regis by 155.0% in the second quarter. Acadian Asset Management LLC now owns 85,381 shares of the company’s stock worth $1,412,000 after purchasing an additional 51,900 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Regis Company Profile
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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