Regis (RGS) Upgraded to “Hold” 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 released 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 several other reports. Jefferies Group upped their price target on shares of Regis from $17.00 to $18.00 and gave the stock a buy rating in a research report on Wednesday, November 1st. KeyCorp initiated coverage on shares of Regis in a report on Wednesday, December 20th. They issued a sector weight rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $17.00.

Regis (RGS) traded up $0.13 during midday trading on Thursday, reaching $15.59. 63,500 shares of the company’s stock traded hands, compared to its average volume of 83,933. 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 has a 1 year low of $9.02 and a 1 year high of $16.68. The company has a market capitalization of $718.30, a price-to-earnings ratio of -82.05, a P/E/G ratio of 9.60 and a beta of 1.44.

Regis (NYSE:RGS) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (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 firm had revenue of $309.87 million for the quarter, compared to the consensus estimate of $334.10 million. During the same period last year, the company posted $0.12 earnings per share. sell-side analysts expect that Regis will post 0.23 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Regis during the third quarter worth about $127,000. Public Employees Retirement System of Ohio grew its stake in Regis by 13.0% during the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock worth $121,000 after buying an additional 1,353 shares in the last quarter. Trexquant Investment LP acquired a new stake in Regis during the third quarter worth about $213,000. BNP Paribas Arbitrage SA grew its stake in Regis by 41.0% during the second quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock worth $167,000 after buying an additional 4,721 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in Regis during the second quarter worth about $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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