Brokerages Set Regis Co. (RGS) PT at $18.00
Regis Co. (NYSE:RGS) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.00.
A number of research firms recently weighed in on RGS. Zacks Investment Research upgraded Regis from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. KeyCorp began coverage on Regis in a report on Wednesday, December 20th. They issued a “sector weight” rating for the company. Finally, Jefferies Group increased their price objective on Regis from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of RGS. Cramer Rosenthal Mcglynn LLC increased its holdings in Regis by 15.1% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,578,452 shares of the company’s stock valued at $36,751,000 after purchasing an additional 469,955 shares during the period. Northern Trust Corp grew its holdings in Regis by 84.5% during the 2nd quarter. Northern Trust Corp now owns 876,077 shares of the company’s stock worth $8,998,000 after acquiring an additional 401,194 shares during the period. Oaktree Capital Management LP acquired a new stake in Regis during the 3rd quarter worth about $4,593,000. Citadel Advisors LLC grew its holdings in Regis by 230.4% during the 2nd quarter. Citadel Advisors LLC now owns 307,170 shares of the company’s stock worth $3,154,000 after acquiring an additional 214,203 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Regis by 11.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,960,200 shares of the company’s stock worth $20,131,000 after acquiring an additional 202,700 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.
Regis (NYSE:RGS) traded up $0.08 during midday trading on Friday, reaching $15.53. The company had a trading volume of 73,595 shares, compared to its average volume of 95,436. The firm has a market capitalization of $722.03, a P/E ratio of -81.74, a price-to-earnings-growth ratio of 9.76 and a beta of 1.44. Regis has a 1-year low of $9.02 and a 1-year high of $16.68. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 0.25.
Regis (NYSE:RGS) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The company had revenue of $309.87 million during the quarter, compared to analyst estimates of $334.10 million. Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same quarter in the previous year, the company earned $0.12 earnings per share. sell-side analysts anticipate that Regis will post 0.22 earnings per share for the current year.
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Regis 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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