Revlon, Inc. (REV) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of Revlon, Inc. (NYSE:REV) from a hold rating to a sell rating in a report issued on Friday morning.

A number of other research firms also recently weighed in on REV. BidaskClub upgraded shares of Revlon from a sell rating to a hold rating in a report on Saturday, June 24th. Jefferies Group LLC began coverage on shares of Revlon in a report on Wednesday. They set a hold rating and a $16.00 price target on the stock.

Shares of Revlon (NYSE REV) traded up 0.63% during trading on Friday, hitting $16.05. The stock had a trading volume of 397,431 shares. The company’s market capitalization is $844.47 million. Revlon has a 52 week low of $15.60 and a 52 week high of $37.96. The company’s 50 day moving average price is $17.55 and its 200 day moving average price is $22.53.

Revlon (NYSE:REV) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of $645.70 million during the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. Analysts predict that Revlon will post $1.80 earnings per share for the current year.

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In other Revlon news, Director Ronald O. Perelman purchased 419,127 shares of the 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald O. Perelman purchased 120,618 shares of the stock in a transaction dated Monday, June 19th. The stock was acquired at an average cost of $22.91 per share, with a total value of $2,763,358.38. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,426,204 shares of company stock valued at $28,846,238. 78.00% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Advisor Group Inc. purchased a new stake in Revlon during the second quarter valued at approximately $114,000. The Manufacturers Life Insurance Company lifted its position in Revlon by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock valued at $261,000 after acquiring an additional 137 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Revlon by 625.7% during the second quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock valued at $292,000 after acquiring an additional 10,637 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Revlon by 2.4% during the second quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock valued at $293,000 after acquiring an additional 296 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Revlon by 2.1% during the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after acquiring an additional 280 shares during the last quarter. 13.99% of the stock is owned by institutional investors.

About Revlon

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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