Regis Co. (NYSE:RGS) CMO James A. Townsend acquired 5,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $32,500.00. Following the completion of the purchase, the chief marketing officer now directly owns 72,600 shares of the company’s stock, valued at approximately $471,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE RGS opened at $5.78 on Wednesday. The company’s 50 day simple moving average is $7.99 and its 200 day simple moving average is $8.82. Regis Co. has a fifty-two week low of $4.22 and a fifty-two week high of $23.27. The firm has a market capitalization of $205.92 million, a P/E ratio of -1.21 and a beta of 2.41. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.96 and a quick ratio of 0.69.
Regis (NYSE:RGS) last announced its quarterly earnings data on Monday, August 31st. The company reported ($1.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by ($0.35). Regis had a negative net margin of 25.66% and a negative return on equity of 10.22%. Sell-side analysts expect that Regis Co. will post 0.44 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Comerica Bank grew its position in Regis by 7.9% in the second quarter. Comerica Bank now owns 25,249 shares of the company’s stock valued at $199,000 after purchasing an additional 1,850 shares in the last quarter. Hodges Capital Management Inc. grew its position in Regis by 4.9% in the second quarter. Hodges Capital Management Inc. now owns 47,980 shares of the company’s stock valued at $392,000 after purchasing an additional 2,230 shares in the last quarter. Royal Bank of Canada grew its position in Regis by 11.6% in the first quarter. Royal Bank of Canada now owns 23,160 shares of the company’s stock valued at $137,000 after purchasing an additional 2,403 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Regis by 38,250.0% in the second quarter. Advisor Group Holdings Inc. now owns 3,068 shares of the company’s stock valued at $25,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Regis by 3.5% in the first quarter. Rhumbline Advisers now owns 93,687 shares of the company’s stock valued at $554,000 after purchasing an additional 3,144 shares in the last quarter.
Several research firms have recently commented on RGS. Zacks Investment Research cut shares of Regis from a “buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Loop Capital decreased their price target on shares of Regis from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, June 19th. Finally, ValuEngine raised shares of Regis from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $39.56.
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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