Revlon (REV) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Revlon (NYSE:REV) from a hold rating to a sell rating in a report issued on Thursday.

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. “

REV has been the subject of a number of other reports. Jefferies Group assumed coverage on Revlon in a research note on Wednesday, September 13th. They set a hold rating and a $16.00 price target for the company. ValuEngine lowered Revlon from a hold rating to a sell rating in a research note on Friday, September 15th. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Revlon has a consensus rating of Sell and a consensus price target of $16.00.

Shares of Revlon (NYSE REV) traded down $0.20 during midday trading on Thursday, reaching $22.25. The company’s stock had a trading volume of 50,100 shares, compared to its average volume of 74,144. The company has a current ratio of 1.25, a quick ratio of 0.67 and a debt-to-equity ratio of -3.78. The company has a market cap of $1,170.00, a price-to-earnings ratio of -8.27 and a beta of 0.62. Revlon has a 52-week low of $15.60 and a 52-week high of $36.80.

Revlon (NYSE:REV) last issued its quarterly earnings results on Friday, November 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.51). The firm had revenue of $666.50 million for the quarter, compared to the consensus estimate of $604.50 million. Revlon had a negative net margin of 5.27% and a negative return on equity of 3.09%. analysts predict that Revlon will post -1.96 EPS for the current year.

In related news, Director Ronald O. Perelman acquired 47,355 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $22.43 per share, for a total transaction of $1,062,172.65. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 78.00% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in REV. Arrowstreet Capital Limited Partnership lifted its position in shares of Revlon by 1,885.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 162,426 shares of the company’s stock valued at $3,849,000 after acquiring an additional 154,244 shares during the last quarter. Profit Investment Management LLC lifted its position in shares of Revlon by 170.8% during the 3rd quarter. Profit Investment Management LLC now owns 105,996 shares of the company’s stock valued at $2,602,000 after acquiring an additional 66,848 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Revlon by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,002,936 shares of the company’s stock valued at $23,770,000 after acquiring an additional 39,526 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Revlon by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,049,676 shares of the company’s stock valued at $24,878,000 after acquiring an additional 33,969 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Revlon during the 2nd quarter valued at $741,000. Institutional investors own 14.55% 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.

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