An issue of Revlon, Inc. (NYSE:REV) bonds rose 0.7% against their face value during trading on Monday. The high-yield issue of debt has a 5.75% coupon and is set to mature on February 15, 2021. The debt is now trading at $87.48 and was trading at $90.00 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Separately, BidaskClub downgraded Revlon from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.
Shares of Revlon, Inc. (NYSE:REV) opened at 17.45 on Friday. The firm’s market cap is $918.13 million. Revlon, Inc. has a 1-year low of $15.60 and a 1-year high of $37.96. The firm has a 50 day moving average price of $20.43 and a 200 day moving average price of $24.89.
Revlon (NYSE:REV) last released its quarterly earnings data on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. The company had revenue of $645.70 million for the quarter. Analysts anticipate that Revlon, Inc. will post $1.80 EPS for the current year.
In other Revlon news, Director Ronald O. Perelman bought 120,000 shares of Revlon stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $18.66 per share, with a total value of $2,239,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald O. Perelman bought 150,210 shares of Revlon stock in a transaction on Friday, June 23rd. The shares were acquired at an average cost of $23.11 per share, with a total value of $3,471,353.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,305,133 shares of company stock valued at $46,381,274. 78.00% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. purchased a new position in Revlon during the second quarter worth $114,000. The Manufacturers Life Insurance Company raised its position in Revlon by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock worth $261,000 after buying an additional 137 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Revlon by 625.7% in the second quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock worth $292,000 after buying an additional 10,637 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Revlon by 2.4% in the second quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock worth $293,000 after buying an additional 296 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Revlon by 2.1% in the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock worth $327,000 after buying an additional 280 shares during the last quarter. Institutional investors and hedge funds own 16.27% of the company’s stock.
About Revlon
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.
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