Regis (RGS) Upgraded at Zacks Investment Research

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) remained flat at $$15.59 during trading hours on Thursday. The stock had a trading volume of 85,100 shares, compared to its average volume of 84,225. 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 has a twelve month low of $9.02 and a twelve month high of $16.68. The firm has a market cap of $749.51, a price-to-earnings ratio of -82.05, a PEG ratio of 9.68 and a beta of 1.44.

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.

TRADEMARK VIOLATION WARNING: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.com-unik.info/2018/01/08/regis-rgs-upgraded-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Regis (RGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Regis? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Regis and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit