Regis (RGS) Upgraded by TheStreet to “B-“

Regis (NYSE:RGS) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Wednesday.

RGS has been the subject of a number of other research reports. Zacks Investment Research lowered Regis from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine raised Regis from a “hold” rating to a “buy” rating in a report on Friday, December 28th.

RGS stock opened at $18.12 on Wednesday. The company has a market cap of $728.66 million, a P/E ratio of 30.71, a P/E/G ratio of 2.96 and a beta of 1.43. Regis has a twelve month low of $14.31 and a twelve month high of $22.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.14.

Regis (NYSE:RGS) last posted its earnings results on Tuesday, January 29th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). The business had revenue of $274.67 million during the quarter, compared to the consensus estimate of $289.40 million. Regis had a return on equity of 8.32% and a net margin of 0.41%. Equities research analysts forecast that Regis will post 0.68 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings in shares of Regis by 8.0% in the fourth quarter. Legal & General Group Plc now owns 81,624 shares of the company’s stock worth $1,379,000 after acquiring an additional 6,067 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Regis in the fourth quarter worth $165,000. Gotham Asset Management LLC grew its holdings in shares of Regis by 44.5% in the fourth quarter. Gotham Asset Management LLC now owns 34,890 shares of the company’s stock worth $591,000 after acquiring an additional 10,746 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in Regis by 309.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,727 shares of the company’s stock valued at $182,000 after purchasing an additional 8,109 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Regis by 0.9% during the fourth quarter. Principal Financial Group Inc. now owns 269,912 shares of the company’s stock valued at $4,575,000 after purchasing an additional 2,411 shares in the last quarter. 97.42% of the stock is owned by institutional investors and hedge funds.

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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