Shares of Revlon Inc (NYSE:REV) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price objective of $18.00 for the company and are anticipating that the company will post ($0.73) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Revlon an industry rank of 99 out of 255 based on the ratings given to related companies.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Revlon from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, March 22nd. ValuEngine cut Revlon from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Revlon in a research note on Tuesday, March 5th.
In other news, Director Ronald O. Perelman acquired 355,000 shares of the stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $19.90 per share, for a total transaction of $7,064,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald O. Perelman acquired 40,000 shares of the stock in a transaction on Monday, March 25th. The shares were purchased at an average price of $20.53 per share, with a total value of $821,200.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 510,000 shares of company stock valued at $10,243,200. Company insiders own 85.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Revlon by 7.2% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,001,753 shares of the company’s stock worth $22,339,000 after purchasing an additional 67,364 shares during the period. Raymond James & Associates purchased a new position in Revlon in the 4th quarter valued at approximately $1,488,000. Morgan Stanley grew its stake in Revlon by 51.1% in the 3rd quarter. Morgan Stanley now owns 147,900 shares of the company’s stock valued at $3,298,000 after buying an additional 50,039 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Revlon in the 4th quarter valued at approximately $782,000. Finally, Cetera Advisors LLC purchased a new position in Revlon in the 4th quarter valued at approximately $697,000. Institutional investors and hedge funds own 14.38% of the company’s stock.
Shares of REV stock traded down $0.06 during trading on Wednesday, hitting $21.51. The company had a trading volume of 89,700 shares, compared to its average volume of 147,365. The stock has a market cap of $1.15 billion, a P/E ratio of -5.83 and a beta of 0.34. Revlon has a one year low of $14.00 and a one year high of $29.62.
Revlon (NYSE:REV) last issued its quarterly earnings results on Monday, March 18th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($1.01). The company had revenue of $741.60 million during the quarter, compared to analyst estimates of $749.30 million. Revlon’s revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts predict that Revlon will post -1.94 earnings per share for the current fiscal year.
Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.
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