73,900 Shares in Regis Corporation (RGS) Acquired by South Dakota Investment Council
South Dakota Investment Council bought a new stake in Regis Corporation (NYSE:RGS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,900 shares of the company’s stock, valued at approximately $759,000. South Dakota Investment Council owned approximately 0.16% of Regis Corporation at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in shares of Regis Corporation by 6.1% in the first quarter. Public Employees Retirement System of Ohio now owns 10,389 shares of the company’s stock valued at $122,000 after buying an additional 599 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Regis Corporation in the first quarter valued at $127,000. Highbridge Capital Management LLC bought a new position in shares of Regis Corporation in the first quarter valued at $131,000. Stevens Capital Management LP bought a new position in shares of Regis Corporation in the first quarter valued at $144,000. Finally, TFS Capital LLC bought a new position in shares of Regis Corporation in the first quarter valued at $150,000. 95.37% of the stock is owned by institutional investors and hedge funds.
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Regis Corporation (RGS) opened at 13.11 on Friday. Regis Corporation has a 1-year low of $9.02 and a 1-year high of $15.61. The company has a 50 day moving average of $11.57 and a 200 day moving average of $10.88. The company’s market capitalization is $608.29 million.
Regis Corporation (NYSE:RGS) last announced its quarterly earnings results on Wednesday, August 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.12. Regis Corporation had a positive return on equity of 0.70% and a negative net margin of 0.95%. The business had revenue of $424.20 million during the quarter. On average, analysts predict that Regis Corporation will post $0.13 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. ValuEngine raised shares of Regis Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub raised shares of Regis Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Jefferies Group LLC assumed coverage on shares of Regis Corporation in a research note on Wednesday. They issued a “buy” rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.00.
Regis Corporation Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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