Zacks Investment Research upgraded shares of Regis (NYSE:RGS) from a strong sell rating to a hold rating in a report published on Thursday morning.
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 research analysts have also recently issued research reports about the company. Jefferies Group boosted their price target on Regis from $17.00 to $18.00 and gave the stock a buy rating in a research note on Wednesday, November 1st. KeyCorp initiated coverage on Regis in a research note on Wednesday, December 20th. They issued a sector weight rating on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $17.00.
Regis (NYSE:RGS) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). Regis had a positive return on equity of 0.81% and a negative net margin of 2.70%. The business had revenue of $309.87 million during the quarter, compared to analyst estimates of $334.10 million. During the same quarter last year, the firm posted $0.12 EPS. equities research analysts expect that Regis will post 0.23 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its holdings in Regis by 13.0% in the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock valued at $121,000 after buying an additional 1,353 shares during the last quarter. SG Americas Securities LLC bought a new stake in Regis in the third quarter valued at about $127,000. BNP Paribas Arbitrage SA increased its holdings in Regis by 41.0% in the second quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock valued at $167,000 after buying an additional 4,721 shares during the last quarter. Aperio Group LLC bought a new stake in Regis in the second quarter valued at about $174,000. Finally, Trexquant Investment LP bought a new stake in Regis in the third quarter valued at about $213,000. 95.55% of the stock is owned by hedge funds and other institutional investors.
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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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