Analysts at Jefferies Group LLC initiated coverage on shares of Revlon, Inc. (NYSE:REV) in a research note issued on Wednesday. The brokerage set a “hold” rating and a $16.00 price target on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 0.16% from the company’s previous close. Jefferies Group also issued estimates for Revlon’s Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.28 EPS, FY2017 earnings at ($1.11) EPS, Q1 2018 earnings at ($0.42) EPS, Q2 2018 earnings at ($0.23) EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at ($0.69) EPS, Q1 2019 earnings at ($0.36) EPS, Q2 2019 earnings at ($0.09) EPS and FY2019 earnings at ($0.40) EPS.
Separately, BidaskClub cut Revlon from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.
Shares of Revlon (NYSE:REV) opened at 15.98 on Wednesday. Revlon has a 1-year low of $15.60 and a 1-year high of $37.96. The firm’s market cap is $840.52 million. The company has a 50-day moving average of $17.71 and a 200-day moving average of $22.67.
Revlon (NYSE:REV) last released its quarterly earnings data on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $645.70 million during the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. Analysts predict that Revlon will post $1.80 earnings per share for the current fiscal year.
In other news, Director Ronald O. Perelman purchased 120,618 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was acquired at an average price of $22.91 per share, for a total transaction of $2,763,358.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald O. Perelman purchased 419,127 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $18.55 per share, with a total value of $7,774,805.85. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,426,204 shares of company stock valued at $28,846,238. Company insiders own 78.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Mittleman Brothers LLC increased its position in shares of Revlon by 1.0% in the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock valued at $54,611,000 after buying an additional 22,111 shares in the last quarter. K.J. Harrison & Partners Inc increased its position in shares of Revlon by 5.4% in the second quarter. K.J. Harrison & Partners Inc now owns 100,300 shares of the company’s stock valued at $2,377,000 after buying an additional 5,124 shares in the last quarter. Pioneer Investment Management Inc. purchased a new position in shares of Revlon in the second quarter valued at $1,186,000. Parametric Portfolio Associates LLC increased its position in shares of Revlon by 53.1% in the second quarter. Parametric Portfolio Associates LLC now owns 34,422 shares of the company’s stock valued at $816,000 after buying an additional 11,935 shares in the last quarter. Finally, Advisor Group Inc. purchased a new position in shares of Revlon in the second quarter valued at $114,000. Institutional investors and hedge funds own 13.99% of the company’s stock.
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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