Regis (RGS) Stock Rating Upgraded by Zacks Investment Research

Regis (NYSE:RGS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

RGS has been the topic of a number of other reports. KeyCorp began coverage on Regis in a research report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Jefferies Group reiterated a “buy” rating and issued a $17.00 price objective (up from $15.00) on shares of Regis in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.00.

Regis (NYSE:RGS) traded down $0.19 during mid-day trading on Thursday, reaching $15.46. The company had a trading volume of 70,500 shares, compared to its average volume of 94,150. Regis has a 12-month low of $9.02 and a 12-month high of $16.68. The firm has a market cap of $729.01, a PE ratio of -16.99, a price-to-earnings-growth ratio of 9.72 and a beta of 1.44. 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 (NYSE:RGS) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The firm had revenue of $309.87 million during the quarter, compared to the consensus estimate 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 business posted $0.12 earnings per share. equities research analysts forecast that Regis will post 0.23 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Regis in the 3rd quarter valued at $127,000. Public Employees Retirement System of Ohio boosted its position in shares of Regis by 13.0% in 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 during the last quarter. Trexquant Investment LP bought a new position in shares of Regis in the 3rd quarter worth $213,000. BNP Paribas Arbitrage SA boosted its position in shares of Regis by 41.0% in 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 during the last quarter. Finally, Aperio Group LLC bought a new position in shares of Regis in the 2nd quarter worth $174,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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Regis Company Profile

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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