Shares of Regis Corporation (NYSE:RGS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $18.00 for the company, according to Zacks. Zacks has also given Regis Corporation an industry rank of 167 out of 265 based on the ratings given to its competitors.
A number of research analysts have issued reports on the company. ValuEngine upgraded Regis Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Regis Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, November 15th. BidaskClub upgraded Regis Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $17.00 price objective (up previously from $15.00) on shares of Regis Corporation in a research note on Tuesday, October 10th.
Several hedge funds have recently bought and sold shares of RGS. Public Employees Retirement System of Ohio lifted its holdings in Regis Corporation by 13.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock worth $121,000 after purchasing an additional 1,353 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Regis Corporation during the 3rd quarter worth about $127,000. Wedge Capital Management L L P NC lifted its holdings in Regis Corporation by 10.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 15,716 shares of the company’s stock worth $161,000 after purchasing an additional 1,464 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Regis Corporation by 41.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock worth $167,000 after purchasing an additional 4,721 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in Regis Corporation during the 2nd quarter worth about $174,000. Institutional investors own 94.26% of the company’s stock.
Regis Corporation (RGS) traded up $0.06 during midday trading on Thursday, reaching $16.31. The company had a trading volume of 291,013 shares, compared to its average volume of 207,560. The stock has a market cap of $756.96, a price-to-earnings ratio of 174.22, a P/E/G ratio of 11.79 and a beta of 1.42. Regis Corporation has a twelve month low of $9.02 and a twelve month high of $16.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.94 and a quick ratio of 1.48.
Regis Corporation (NYSE:RGS) last announced its quarterly earnings data 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 business had revenue of $309.87 million during the quarter, compared to the consensus estimate of $334.10 million. Regis Corporation had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same quarter last year, the company earned $0.12 EPS. research analysts anticipate that Regis Corporation will post 0.19 EPS for the current fiscal year.
About Regis Corporation
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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