Regis Corporation (NYSE:RGS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $16.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.74% from the stock’s previous close.

According to Zacks, “Regis Corporation owns, franchises and operates beauty salons. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters and First Choice Haircutters. Regis maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. “

A number of other research analysts have also commented on the stock. ValuEngine raised shares of Regis Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group LLC initiated coverage on shares of Regis Corporation in a research report on Wednesday, September 13th. They set a “buy” rating and a $15.00 price objective for the company. Finally, BidaskClub lowered shares of Regis Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.00.

Shares of Regis Corporation (NYSE RGS) opened at $14.58 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25. Regis Corporation has a fifty-two week low of $9.02 and a fifty-two week high of $15.61. The stock has a market cap of $670.32, a PE ratio of 159.89, a price-to-earnings-growth ratio of 10.82 and a beta of 1.42.

Regis Corporation (NYSE:RGS) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The firm had revenue of $309.87 million for the quarter, compared to the consensus estimate of $334.10 million. Regis Corporation had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same quarter last year, the company earned $0.12 earnings per share. equities research analysts predict that Regis Corporation will post 0.19 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Oaktree Capital Management LP acquired a new position in Regis Corporation in the third quarter worth about $4,593,000. OxFORD Asset Management LLP bought a new stake in Regis Corporation during the third quarter worth about $1,146,000. Wells Fargo & Company MN grew its stake in Regis Corporation by 17.1% during the third quarter. Wells Fargo & Company MN now owns 96,428 shares of the company’s stock worth $1,376,000 after buying an additional 14,072 shares during the last quarter. Trexquant Investment LP bought a new stake in Regis Corporation during the third quarter worth about $213,000. Finally, SG Americas Securities LLC bought a new stake in Regis Corporation during the third quarter worth about $127,000. 95.09% of the stock is owned by hedge funds and other institutional investors.

Regis Corporation Company Profile

Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. 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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