Revlon, Inc. (NYSE:REV) Director Ronald O. Perelman purchased 625,151 shares of the stock in a transaction on Thursday, September 21st. The stock was bought at an average price of $17.36 per share, for a total transaction of $10,852,621.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Revlon, Inc. (NYSE REV) traded up 8.84% during mid-day trading on Friday, reaching $19.70. The company’s stock had a trading volume of 587,006 shares. The firm has a 50 day moving average price of $17.35 and a 200 day moving average price of $22.13. The firm’s market cap is $1.04 billion. Revlon, Inc. has a 52-week low of $15.60 and a 52-week high of $37.96.
Revlon (NYSE:REV) last posted its quarterly earnings data on Friday, August 4th. The company reported ($0.46) EPS for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The company had revenue of $645.70 million for the quarter. On average, equities analysts predict that Revlon, Inc. will post $1.80 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the business. Advisor Group Inc. bought a new position in shares of Revlon in the 2nd quarter valued at $114,000. The Manufacturers Life Insurance Company increased its stake in shares of Revlon by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock valued at $261,000 after purchasing an additional 137 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Revlon by 625.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock valued at $292,000 after purchasing an additional 10,637 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Revlon by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock valued at $293,000 after purchasing an additional 296 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Revlon by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 13.99% of the company’s stock.
REV has been the topic of a number of analyst reports. BidaskClub cut Revlon from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC initiated coverage on Revlon in a research report on Wednesday, September 13th. They issued a “hold” rating and a $16.00 price target on the stock. Finally, ValuEngine cut Revlon from a “hold” rating to a “sell” rating in a research report on Friday, September 15th.
Revlon Company Profile
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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