Regis Corporation (RGS) Receives New Coverage from Analysts at Jefferies Group LLC

Jefferies Group LLC initiated coverage on shares of Regis Corporation (NYSE:RGS) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

Several other brokerages have also weighed in on RGS. ValuEngine raised Regis Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub raised Regis Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.00.

Regis Corporation (NYSE:RGS) opened at 12.77 on Wednesday. The company’s 50-day moving average price is $11.26 and its 200-day moving average price is $10.84. Regis Corporation has a 1-year low of $9.02 and a 1-year high of $15.61. The stock’s market cap is $592.52 million.

Regis Corporation (NYSE:RGS) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.12. Regis Corporation had a positive return on equity of 0.70% and a negative net margin of 0.95%. The business had revenue of $424.20 million for the quarter. Analysts predict that Regis Corporation will post $0.13 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Regis Corporation by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 404,282 shares of the company’s stock valued at $4,738,000 after buying an additional 14,967 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Regis Corporation by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 185,742 shares of the company’s stock valued at $2,178,000 after buying an additional 6,885 shares during the last quarter. Bank of Montreal Can increased its holdings in Regis Corporation by 2.8% in the first quarter. Bank of Montreal Can now owns 25,960 shares of the company’s stock valued at $304,000 after buying an additional 710 shares during the last quarter. Citadel Advisors LLC increased its holdings in Regis Corporation by 133.6% in the first quarter. Citadel Advisors LLC now owns 92,967 shares of the company’s stock valued at $1,090,000 after buying an additional 53,171 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Regis Corporation by 1.8% in the first quarter. Renaissance Technologies LLC now owns 1,757,500 shares of the company’s stock valued at $20,598,000 after buying an additional 30,600 shares during the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.

Regis Corporation Company Profile

Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. 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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