Revlon (REV) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Revlon (NYSE:REV) from a buy rating to a hold rating in a report released on Friday.

According to Zacks, “Revlon, Inc. conducts its business exclusively through its subsidiary, Revlon Consumer Products Corp. and its subsidiaries. They manufacture, market and sell an extensive array of cosmetics and skin care, fragrances and personal care products. Their brand names are REVLON, COLORSTAY, REVLON AGE DEFYING, ALMAY and ULTIMA II in cosmetics; MOON DROPS, ETERNA 27, ULTIMA II and JEANNE GATINEAU in skin care; CHARLIE and FIRE & ICE in fragrances; and FLEX, OUTRAGEOUS, MITCHUM, COLORSTAY, COLORSILK, JEAN NATE, PLUSBELLE, BOZZANO and COLORAMA in personal care. “

Separately, ValuEngine downgraded Revlon from a buy rating to a hold rating in a report on Friday, September 28th.

NYSE REV opened at $26.78 on Friday. Revlon has a one year low of $14.00 and a one year high of $29.62. The stock has a market capitalization of $1.46 billion, a P/E ratio of -13.88 and a beta of 0.40.

Revlon (NYSE:REV) last released its quarterly earnings data on Friday, November 9th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.40) by $0.54. The business had revenue of $655.40 million during the quarter, compared to the consensus estimate of $639.60 million. During the same quarter in the previous year, the business posted ($0.38) earnings per share. Revlon’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that Revlon will post -3.15 earnings per share for the current fiscal year.

In other news, Director Ronald O. Perelman bought 75,000 shares of the company’s stock in a transaction on Friday, December 7th. The shares were acquired at an average cost of $24.16 per share, with a total value of $1,812,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald O. Perelman bought 25,000 shares of the company’s stock in a transaction on Monday, December 24th. The stock was purchased at an average cost of $23.09 per share, for a total transaction of $577,250.00. The disclosure for this purchase can be found here. Insiders purchased a total of 306,191 shares of company stock valued at $7,354,472 over the last quarter. 85.00% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in REV. Alliancebernstein L.P. lifted its holdings in Revlon by 18.4% in the 3rd quarter. Alliancebernstein L.P. now owns 19,300 shares of the company’s stock worth $430,000 after purchasing an additional 3,000 shares in the last quarter. Symons Capital Management Inc. purchased a new position in Revlon in the 3rd quarter worth approximately $206,000. Paloma Partners Management Co purchased a new position in Revlon in the 2nd quarter worth approximately $295,000. Russell Investments Group Ltd. purchased a new position in Revlon in the 2nd quarter worth approximately $300,000. Finally, Bank of America Corp DE lifted its holdings in Revlon by 400.7% in the 2nd quarter. Bank of America Corp DE now owns 21,425 shares of the company’s stock worth $376,000 after purchasing an additional 17,146 shares in the last quarter. 14.37% of the stock is currently owned by institutional investors and hedge funds.

Revlon Company Profile

Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.

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