Shares of Revlon Inc (NYSE:REV) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus target price of $18.00 for the company and are expecting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Revlon an industry rank of 106 out of 257 based on the ratings given to related companies.
REV has been the topic of several analyst reports. ValuEngine upgraded Revlon from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Jefferies Financial Group reiterated a “hold” rating and set a $18.00 target price on shares of Revlon in a report on Friday, August 10th. Finally, Zacks Investment Research downgraded Revlon from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th.
In other Revlon news, Director Ronald O. Perelman acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were bought at an average cost of $20.88 per share, for a total transaction of $417,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald O. Perelman acquired 100,000 shares of the company’s stock in a transaction on Friday, September 21st. The shares were acquired at an average price of $20.95 per share, for a total transaction of $2,095,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 155,000 shares of company stock worth $3,265,100. Company insiders own 85.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of REV. Allianz Asset Management GmbH increased its holdings in Revlon by 104.7% during the 1st quarter. Allianz Asset Management GmbH now owns 13,464 shares of the company’s stock worth $277,000 after purchasing an additional 300,000 shares during the last quarter. AMS Capital Ltda purchased a new stake in Revlon during the 2nd quarter worth approximately $956,000. Mittleman Brothers LLC increased its holdings in Revlon by 13.3% during the 2nd quarter. Mittleman Brothers LLC now owns 3,352,585 shares of the company’s stock worth $58,838,000 after purchasing an additional 394,720 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Revlon during the 2nd quarter worth approximately $300,000. Finally, Bank of America Corp DE increased its holdings in Revlon by 400.7% during the 2nd quarter. Bank of America Corp DE now owns 21,425 shares of the company’s stock worth $376,000 after purchasing an additional 17,146 shares during the last quarter. Institutional investors own 14.41% of the company’s stock.
Shares of NYSE:REV traded up $0.21 during mid-day trading on Monday, hitting $27.47. 74,808 shares of the company traded hands, compared to its average volume of 152,231. The company has a market cap of $1.48 billion, a P/E ratio of -14.23 and a beta of 0.45. Revlon has a 52-week low of $14.00 and a 52-week high of $29.62.
Revlon (NYSE:REV) last announced its earnings results on Friday, November 9th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.40) by $0.54. The company had revenue of $655.40 million for the quarter, compared to analysts’ expectations of $639.60 million. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) earnings per share. Equities research analysts expect that Revlon will post -3.15 EPS for the current year.
Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.
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