Revlon (NYSE:REV) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Revlon (NYSE:REV) from a hold rating to a buy rating in a report released on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Revlon from a sell rating to a hold rating in a research note on Wednesday, July 10th.

NYSE REV opened at $25.00 on Tuesday. The business’s fifty day moving average price is $20.93 and its 200-day moving average price is $20.63. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -6.78 and a beta of 0.32. Revlon has a 1-year low of $13.58 and a 1-year high of $29.62.

Revlon (NYSE:REV) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.28). The firm had revenue of $570.20 million during the quarter, compared to analysts’ expectations of $595.90 million. Revlon’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.54) earnings per share. As a group, analysts expect that Revlon will post -3.02 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Alberta Investment Management Corp raised its stake in shares of Revlon by 15.6% during the second quarter. Alberta Investment Management Corp now owns 1,259,600 shares of the company’s stock valued at $24,348,000 after acquiring an additional 170,000 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Revlon by 49.5% during the second quarter. GSA Capital Partners LLP now owns 27,610 shares of the company’s stock valued at $534,000 after buying an additional 9,147 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Revlon during the second quarter valued at $459,000. Paloma Partners Management Co lifted its position in Revlon by 12.0% during the second quarter. Paloma Partners Management Co now owns 21,255 shares of the company’s stock valued at $410,000 after purchasing an additional 2,273 shares during the period. Finally, A.R.T. Advisors LLC lifted its position in Revlon by 35.2% during the second quarter. A.R.T. Advisors LLC now owns 21,125 shares of the company’s stock valued at $408,000 after purchasing an additional 5,500 shares during the period. Institutional investors and hedge funds own 12.89% of the company’s stock.

Revlon Company Profile

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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