Regis (RGS) Rating Lowered to Hold at ValuEngine

Regis (NYSE:RGS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other equities research analysts have also recently issued reports on the stock. TheStreet cut shares of Regis from a “b” rating to a “c+” rating in a research report on Tuesday. Zacks Investment Research raised shares of Regis from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Saturday, October 27th.

Shares of RGS traded down $0.43 during mid-day trading on Thursday, hitting $16.92. The company had a trading volume of 417,610 shares, compared to its average volume of 224,172. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 1.88. Regis has a 1-year low of $13.79 and a 1-year high of $22.40. The stock has a market capitalization of $746.49 million, a PE ratio of 28.68, a P/E/G ratio of 2.46 and a beta of 1.62.

Regis (NYSE:RGS) last released its earnings results 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). Regis had a return on equity of 6.86% and a net margin of 2.60%. The company had revenue of $287.84 million during the quarter, compared to analyst estimates of $288.10 million. As a group, sell-side analysts expect that Regis will post 0.76 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Regis by 5.7% during the second quarter. BlackRock Inc. now owns 4,919,119 shares of the company’s stock valued at $81,362,000 after buying an additional 264,727 shares in the last quarter. Investment Counselors of Maryland LLC lifted its position in Regis by 9.0% during the second quarter. Investment Counselors of Maryland LLC now owns 1,435,732 shares of the company’s stock valued at $23,747,000 after buying an additional 118,977 shares in the last quarter. Northern Trust Corp lifted its position in Regis by 0.6% during the second quarter. Northern Trust Corp now owns 872,908 shares of the company’s stock valued at $14,438,000 after buying an additional 4,931 shares in the last quarter. Acadian Asset Management LLC lifted its position in Regis by 488.9% during the third quarter. Acadian Asset Management LLC now owns 502,798 shares of the company’s stock valued at $10,270,000 after buying an additional 417,417 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Regis during the third quarter valued at approximately $6,467,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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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