Regis Corporation (NYSE:RGS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
A number of other analysts have also commented on RGS. TheStreet lowered Regis Corporation from a “c-” rating to a “d” rating in a research report on Friday, May 5th. ValuEngine lowered Regis Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.
Regis Corporation (RGS) traded down 1.91% during midday trading on Thursday, reaching $10.27. The company had a trading volume of 82,412 shares. The company’s market capitalization is $476.12 million. The stock has a 50-day moving average price of $10.30 and a 200 day moving average price of $11.21. Regis Corporation has a 12-month low of $9.02 and a 12-month high of $15.61.
Regis Corporation (NYSE:RGS) last issued its earnings results on Thursday, May 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.20. Regis Corporation had a negative net margin of 0.69% and a negative return on equity of 0.01%. The firm had revenue of $412.60 million during the quarter. Equities analysts forecast that Regis Corporation will post $0.13 EPS for the current year.
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In related news, CEO Hugh E. Sawyer III acquired 10,500 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was purchased at an average cost of $9.81 per share, with a total value of $103,005.00. Following the acquisition, the chief executive officer now owns 100,186 shares of the company’s stock, valued at approximately $982,824.66. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael J. Merriman acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were bought at an average cost of $9.24 per share, with a total value of $92,400.00. Following the completion of the acquisition, the director now directly owns 46,253 shares in the company, valued at approximately $427,377.72. The disclosure for this purchase can be found here. Insiders own 24.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of RGS. TFS Capital LLC bought a new stake in shares of Regis Corporation during the first quarter worth approximately $150,000. Ameriprise Financial Inc. raised its stake in shares of Regis Corporation by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 185,742 shares of the company’s stock worth $2,178,000 after buying an additional 6,885 shares in the last quarter. Comerica Bank raised its stake in shares of Regis Corporation by 4.0% in the first quarter. Comerica Bank now owns 38,922 shares of the company’s stock worth $425,000 after buying an additional 1,499 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Regis Corporation by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 404,282 shares of the company’s stock worth $4,738,000 after buying an additional 14,967 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Regis Corporation by 11.9% in the first quarter. Wedge Capital Management L L P NC now owns 14,252 shares of the company’s stock worth $167,000 after buying an additional 1,514 shares in the last quarter. 95.42% of the stock is owned by hedge funds and other institutional investors.
Regis Corporation Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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