Revlon, Inc. (REV) Bonds Drop 0.8% During Trading

An issue of Revlon, Inc. (NYSE:REV) debt fell 0.8% against its face value during trading on Monday. The debt issue has a 6.25% coupon and will mature on August 1, 2024. The debt is now trading at $76.19 and was trading at $80.75 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

Separately, BidaskClub upgraded shares of Revlon from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th.

Shares of Revlon, Inc. (NYSE REV) opened at 19.00 on Wednesday. The stock’s market cap is $998.91 million. Revlon, Inc. has a 1-year low of $18.15 and a 1-year high of $37.96. The firm has a 50-day moving average of $22.19 and a 200 day moving average of $26.16.

Revlon (NYSE:REV) last issued its earnings results on Friday, May 5th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $594.90 million during the quarter. Revlon had a negative return on equity of 9.87% and a negative net margin of 2.82%. Equities research analysts forecast that Revlon, Inc. will post $1.80 earnings per share for the current year.

In other news, Director Ronald O. Perelman bought 120,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of $18.66 per share, for a total transaction of $2,239,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald O. Perelman bought 100,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $2,000,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,680,438 shares of company stock worth $55,375,570. Insiders own 78.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of REV. K.J. Harrison & Partners Inc increased its position in shares of Revlon by 5.4% in the second quarter. K.J. Harrison & Partners Inc now owns 100,300 shares of the company’s stock valued at $2,377,000 after buying an additional 5,124 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Revlon by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock valued at $1,461,000 after buying an additional 745 shares during the last quarter. Finally, Pioneer Investment Management Inc. bought a new position in Revlon during the second quarter valued at $1,186,000. Hedge funds and other institutional investors own 19.11% of the company’s stock.

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Revlon Company Profile

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.