Revlon (REV) Upgraded to Hold at Zacks Investment Research

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

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. “

Other equities analysts have also issued research reports about the company. ValuEngine lowered Revlon from a hold rating to a sell rating in a report on Friday, September 15th. Jefferies Group began coverage on Revlon in a report on Wednesday, September 13th. They set a hold rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has an average rating of Hold and an average target price of $16.00.

Revlon (REV) traded up $0.05 during midday trading on Thursday, hitting $22.00. The company had a trading volume of 53,200 shares, compared to its average volume of 69,833. The company has a debt-to-equity ratio of -3.78, a quick ratio of 0.67 and a current ratio of 1.25. Revlon has a 52-week low of $15.60 and a 52-week high of $36.80. The stock has a market capitalization of $1,200.00, a price-to-earnings ratio of -8.18 and a beta of 0.62.

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

In related news, Director Ronald O. Perelman purchased 47,355 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $22.43 per share, with a total value of $1,062,172.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 78.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Mittleman Brothers LLC boosted its holdings in Revlon by 1.0% in the 2nd quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock valued at $54,611,000 after purchasing an additional 22,111 shares in the last quarter. Royal Bank of Canada boosted its holdings in Revlon by 270.8% in the 2nd quarter. Royal Bank of Canada now owns 15,401 shares of the company’s stock valued at $365,000 after purchasing an additional 11,247 shares in the last quarter. State Street Corp boosted its holdings in Revlon by 3.6% in the 2nd quarter. State Street Corp now owns 237,381 shares of the company’s stock valued at $5,626,000 after purchasing an additional 8,268 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Revlon by 90.5% in the 2nd quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock valued at $429,000 after purchasing an additional 8,600 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Revlon in the 2nd quarter valued at approximately $741,000. 14.55% of the stock is currently owned by institutional investors.

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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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