Regis (NASDAQ:RGS) Releases Quarterly Earnings Results, Beats Estimates By $0.87 EPS

Regis (NASDAQ:RGS) announced its quarterly earnings results on Tuesday. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.87, FiscalAI reports. The company had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $53.00 million. Regis had a return on equity of 3.60% and a net margin of 52.01%.

Regis Trading Up 0.6%

NASDAQ:RGS opened at $27.30 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.59 and a quick ratio of 0.57. The business’s 50-day simple moving average is $27.66 and its 200-day simple moving average is $26.23. Regis has a fifty-two week low of $19.31 and a fifty-two week high of $31.50. The stock has a market capitalization of $68.25 million, a PE ratio of 0.63 and a beta of 1.37.

Institutional Trading of Regis

Several hedge funds have recently bought and sold shares of the stock. Mink Brook Asset Management LLC lifted its stake in Regis by 653.0% in the fourth quarter. Mink Brook Asset Management LLC now owns 69,011 shares of the company’s stock valued at $1,915,000 after buying an additional 59,846 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Regis by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 26,695 shares of the company’s stock worth $741,000 after acquiring an additional 478 shares during the period. Kent Lake PR LLC acquired a new stake in shares of Regis during the second quarter worth $412,000. Renaissance Technologies LLC lifted its position in Regis by 12.7% in the 4th quarter. Renaissance Technologies LLC now owns 13,344 shares of the company’s stock valued at $370,000 after acquiring an additional 1,500 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in Regis in the 4th quarter valued at $247,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Lake Street Capital started coverage on shares of Regis in a research note on Tuesday, May 26th. They set a “buy” rating and a $42.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Regis in a report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

About Regis

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.