Brokerages Set $18.00 Target Price for Regis Corporation (RGS)

Shares of Regis Corporation (NYSE:RGS) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Regis’ rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokerages have set a one year consensus price target of $18.00 for the company, according to Zacks. Zacks has also assigned Regis an industry rank of 75 out of 265 based on the ratings given to its competitors.

A number of analysts have weighed in on the company. KeyCorp assumed coverage on Regis in a report on Wednesday. They set a “sector weight” rating for the company. ValuEngine upgraded Regis from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Zacks Investment Research upgraded Regis from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, November 15th. BidaskClub upgraded Regis from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Regis in a research report on Tuesday, October 10th.

Shares of Regis (NYSE RGS) traded down $0.30 during midday trading on Tuesday, hitting $15.47. The company had a trading volume of 71,092 shares, compared to its average volume of 201,117. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $738.33, a price-to-earnings ratio of -17.00, a price-to-earnings-growth ratio of 11.92 and a beta of 1.43. Regis has a 12-month low of $9.02 and a 12-month high of $16.68.

Regis (NYSE:RGS) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The firm had revenue of $309.87 million during the quarter, compared to analysts’ expectations 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 firm posted $0.12 EPS. equities research analysts anticipate that Regis will post 0.19 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of Regis by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 217,872 shares of the company’s stock valued at $3,109,000 after acquiring an additional 12,089 shares during the period. Oaktree Capital Management LP acquired a new stake in Regis during the 3rd quarter worth about $4,593,000. OxFORD Asset Management LLP acquired a new stake in Regis during the 3rd quarter worth about $1,146,000. Wells Fargo & Company MN grew its position in Regis by 17.1% during the 3rd quarter. Wells Fargo & Company MN now owns 96,428 shares of the company’s stock worth $1,376,000 after purchasing an additional 14,072 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Regis during the 3rd quarter worth about $213,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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About Regis

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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