ValuEngine lowered shares of Regis (NYSE:RGS) from a buy rating to a hold rating in a research note released on Thursday morning.
RGS has been the topic of several other research reports. Zacks Investment Research raised Regis from a hold rating to a buy rating and set a $20.00 price objective on the stock in a report on Thursday, July 26th. TheStreet raised Regis from a c+ rating to a b rating in a report on Tuesday, August 21st.
Shares of NYSE RGS traded down $0.43 during mid-day trading on Thursday, hitting $16.92. 417,610 shares of the stock traded hands, compared to its average volume of 249,283. The company has a quick ratio of 1.36, a current ratio of 1.88 and a debt-to-equity ratio of 0.19. Regis has a twelve month low of $13.79 and a twelve month high of $22.40. The company has a market cap of $750.03 million, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.62.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in shares of Regis by 2.8% during the 3rd quarter. Wells Fargo & Company MN now owns 110,937 shares of the company’s stock valued at $2,266,000 after acquiring an additional 3,014 shares in the last quarter. Northern Trust Corp lifted its holdings in Regis by 0.6% during the 2nd quarter. Northern Trust Corp now owns 872,908 shares of the company’s stock worth $14,438,000 after buying an additional 4,931 shares during the period. LPL Financial LLC lifted its holdings in Regis by 8.2% during the 1st quarter. LPL Financial LLC now owns 66,091 shares of the company’s stock worth $1,000,000 after buying an additional 5,031 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Regis by 72.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,392 shares of the company’s stock worth $205,000 after buying an additional 5,200 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Regis by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 268,437 shares of the company’s stock worth $4,061,000 after buying an additional 7,007 shares during the period. 99.71% of the stock is currently owned by institutional investors.
Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.
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