Regis Corporation (NYSE:RGS)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group LLC in a research report issued on Tuesday. They presently have a $17.00 price target on the stock, up from their prior price target of $15.00. Jefferies Group LLC’s price target points to a potential upside of 15.02% from the company’s previous close.
A number of other analysts have also weighed in on RGS. BidaskClub upgraded shares of Regis Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. ValuEngine upgraded shares of Regis Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th.
Regis Corporation (NYSE RGS) traded up 1.35% on Tuesday, hitting $14.98. The stock had a trading volume of 88,520 shares. The company’s market cap is $695.06 million. The stock’s 50-day moving average is $13.32 and its 200-day moving average is $11.11. Regis Corporation has a 52-week low of $9.02 and a 52-week high of $15.61.
Regis Corporation (NYSE:RGS) last posted its earnings results on Wednesday, August 23rd. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.12. The company had revenue of $424.20 million during the quarter. Regis Corporation had a negative net margin of 0.95% and a positive return on equity of 0.70%. Analysts expect that Regis Corporation will post $0.13 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in Regis Corporation by 13.0% in the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock worth $121,000 after buying an additional 1,353 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Regis Corporation by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,110 shares of the company’s stock worth $309,000 after buying an additional 163 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Regis Corporation by 9.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 447,977 shares of the company’s stock worth $4,601,000 after buying an additional 37,909 shares during the period. State Street Corp lifted its holdings in Regis Corporation by 2.6% in the second quarter. State Street Corp now owns 909,613 shares of the company’s stock worth $9,340,000 after buying an additional 23,241 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in Regis Corporation by 44.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 311,965 shares of the company’s stock worth $3,203,000 after buying an additional 96,700 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.
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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