Regis (RGS) Rating Lowered to Hold at Zacks Investment Research

Regis (NYSE:RGS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Other analysts have also recently issued reports about the company. ValuEngine upgraded Regis from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub upgraded Regis from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Jefferies Group restated a “buy” rating and issued a $17.00 target price (up from $15.00) on shares of Regis in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $17.00.

Shares of Regis (NYSE:RGS) opened at $16.31 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. The firm has a market capitalization of $737.86, a P/E ratio of 176.00, a PEG ratio of 11.91 and a beta of 1.43. Regis has a 1 year low of $9.02 and a 1 year high of $16.55.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cramer Rosenthal Mcglynn LLC increased its position in shares of Regis by 15.1% during the 2nd 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 increased its position in shares of Regis by 84.5% during the 2nd quarter. Northern Trust Corp now owns 876,077 shares of the company’s stock valued at $8,998,000 after purchasing an additional 401,194 shares during the period. Oaktree Capital Management LP acquired a new position in shares of Regis during the 3rd quarter valued at $4,593,000. Boston Partners acquired a new position in shares of Regis during the 2nd quarter valued at $2,356,000. Finally, Citadel Advisors LLC increased its position in shares of Regis by 230.4% during the 2nd quarter. Citadel Advisors LLC now owns 307,170 shares of the company’s stock valued at $3,154,000 after purchasing an additional 214,203 shares during the period. Hedge funds and other institutional investors own 95.60% of the company’s stock.

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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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