Regis Corp. (NYSE:RGS) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Brokerages have set a one year consensus target price of $13.00 for the company and are forecasting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Regis Corp. an industry rank of 89 out of 265 based on the ratings given to its competitors.
A number of hedge funds and other institutional investors have recently modified their holdings of RGS. BlackRock Group LTD raised its position in shares of Regis Corp. by 3.4% in the first quarter. BlackRock Group LTD now owns 82,710 shares of the company’s stock valued at $1,257,000 after buying an additional 2,750 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Regis Corp. by 0.8% in the first quarter. BlackRock Fund Advisors now owns 2,338,965 shares of the company’s stock valued at $35,529,000 after buying an additional 19,582 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Regis Corp. by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 2,046,175 shares of the company’s stock valued at $31,081,000 after buying an additional 56,175 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Regis Corp. by 56.8% in the first quarter. Landscape Capital Management L.L.C. now owns 47,673 shares of the company’s stock valued at $724,000 after buying an additional 17,273 shares during the last quarter. Finally, HBK Investments L P raised its position in shares of Regis Corp. by 192.3% in the first quarter. HBK Investments L P now owns 59,623 shares of the company’s stock valued at $906,000 after buying an additional 39,223 shares during the last quarter. 97.87% of the stock is currently owned by institutional investors.
Regis Corp. (NYSE:RGS) traded up 0.768% on Wednesday, reaching $12.465. The company’s stock had a trading volume of 21,480 shares. The firm has a 50-day moving average price of $12.74 and a 200 day moving average price of $13.43. Regis Corp. has a 52-week low of $10.96 and a 52-week high of $18.13. The firm’s market capitalization is $573.79 million.
Regis Corp. (NYSE:RGS) last issued its earnings results on Tuesday, August 23rd. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.13. Regis Corp. had a positive return on equity of 0.52% and a negative net margin of 0.63%. The company had revenue of $47.70 million for the quarter, compared to analyst estimates of $456.17 million. During the same period in the prior year, the firm posted $0.01 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. Equities analysts anticipate that Regis Corp. will post $0.08 earnings per share for the current fiscal year.
About Regis Corp.
Regis Corporation owns, franchises and operates beauty salons. The Company operates in three segments: North American Value, North American Premium and International. As of June 30, 2015, the Company owned, franchised or held ownership interests in 9,556 locations around the world. The Company’s locations consist of around 9,300 company-owned and franchised salons and around 200 locations in which it maintains a non-controlling ownership interest.
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