Revlon, Inc. (REV) Bonds Trading 2.2% Lower

An issue of Revlon, Inc. (NYSE:REV) debt fell 2.2% against its face value during trading on Friday. The high-yield debt issue has a 5.75% coupon and will mature on February 15, 2021. The bonds in the issue are now trading at $78.06 and were trading at $86.75 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

Several brokerages have commented on REV. Jefferies Group LLC initiated coverage on shares of Revlon in a research report on Wednesday, September 13th. They issued a “hold” rating and a $16.00 price target on the stock. ValuEngine downgraded Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Finally, BidaskClub downgraded Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.

Shares of Revlon, Inc. (NYSE:REV) opened at $22.05 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.25 and a debt-to-equity ratio of -3.78. Revlon, Inc. has a twelve month low of $15.60 and a twelve month high of $36.80.

Revlon (NYSE:REV) last posted its quarterly earnings data on Friday, November 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.51). The company had revenue of $666.50 million for the quarter, compared to analyst estimates of $604.50 million. Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. equities research analysts predict that Revlon, Inc. will post -1.96 earnings per share for the current year.

In other Revlon news, Director Ronald O. Perelman bought 625,151 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were bought at an average price of $17.36 per share, for a total transaction of $10,852,621.36. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald O. Perelman bought 66,684 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was acquired at an average price of $20.03 per share, for a total transaction of $1,335,680.52. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 845,974 shares of company stock worth $15,445,954. Corporate insiders own 78.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Mittleman Brothers LLC increased its holdings in shares of Revlon by 1.0% in the 2nd quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock valued at $54,611,000 after purchasing an additional 22,111 shares during the period. OxFORD Asset Management LLP bought a new stake in shares of Revlon in the 2nd quarter valued at approximately $741,000. Profit Investment Management LLC grew its stake in shares of Revlon by 170.8% in the 3rd quarter. Profit Investment Management LLC now owns 105,996 shares of the company’s stock valued at $2,602,000 after buying an additional 66,848 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Revlon by 625.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock valued at $292,000 after buying an additional 10,637 shares in the last quarter. Finally, Thrivent Financial For Lutherans bought a new stake in Revlon during the second quarter worth approximately $531,000. Institutional investors own 14.04% of the company’s stock.

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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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