Regis (RGS) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Regis (NYSE:RGS) from a buy rating to a hold rating in a research note released on Wednesday.

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. “

Several other analysts have also recently weighed in on RGS. BidaskClub raised Regis from a hold rating to a buy rating in a report on Saturday, August 26th. ValuEngine raised Regis from a sell rating to a hold rating in a report on Tuesday, August 29th. Finally, Jefferies Group started coverage on Regis in a report on Wednesday, September 13th. They set a buy rating and a $15.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Regis currently has a consensus rating of Buy and an average target price of $17.00.

Regis (NYSE RGS) traded up $0.12 during trading hours on Wednesday, reaching $16.43. The company had a trading volume of 132,700 shares, compared to its average volume of 204,189. The firm has a market cap of $759.76, a PE ratio of 181.22, a P/E/G ratio of 12.26 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.94. Regis has a 1-year low of $9.02 and a 1-year high of $16.68.

Regis (NYSE:RGS) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The firm had revenue of $309.87 million for the quarter, compared to analyst estimates of $334.10 million. Regis had a positive return on equity of 0.81% and a negative net margin of 2.70%. During the same period in the previous year, the business posted $0.12 earnings per share. equities research analysts predict that Regis will post 0.19 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in Regis by 13.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock valued at $121,000 after acquiring an additional 1,353 shares in the last quarter. SG Americas Securities LLC acquired a new position in Regis in the 3rd quarter valued at $127,000. Wedge Capital Management L L P NC raised its holdings in Regis by 10.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 15,716 shares of the company’s stock valued at $161,000 after acquiring an additional 1,464 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Regis by 41.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock valued at $167,000 after acquiring an additional 4,721 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in Regis in the 2nd quarter valued at $174,000. 95.60% of the stock is owned by hedge funds and other institutional investors.

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About Regis

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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