Regis (RGS) Downgraded by ValuEngine

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.

Regis (NYSE:RGS) last released its quarterly earnings data on Tuesday, October 30th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.22). Regis had a net margin of 2.60% and a return on equity of 6.86%. The firm had revenue of $287.84 million for the quarter, compared to analyst estimates of $288.10 million. On average, research analysts anticipate that Regis will post 0.76 earnings per share for the current fiscal year.

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.

About Regis

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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