Regis (RGS) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Regis (NYSE:RGS) from a hold rating to a sell rating in a report issued on Wednesday.

According to Zacks, “Regis Corporation owns, franchises and operates beauty salons. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters and First Choice Haircutters. Regis maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. “

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Separately, KeyCorp started coverage on Regis in a research note on Wednesday, December 20th. They issued a sector weight rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $18.00.

RGS stock opened at $14.47 on Wednesday. The stock has a market capitalization of $683.63, a P/E ratio of 241.17, a P/E/G ratio of 4.40 and a beta of 1.36. Regis has a 52 week low of $9.02 and a 52 week high of $17.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.52.

Regis (NYSE:RGS) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $308.52 million during the quarter, compared to the consensus estimate of $316.30 million. Regis had a positive return on equity of 1.68% and a negative net margin of 0.51%. sell-side analysts predict that Regis will post 0.37 earnings per share for the current fiscal year.

In related news, Director David Patrick Williams purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $15.50 per share, with a total value of $77,500.00. Following the completion of the purchase, the director now directly owns 96,861 shares in the company, valued at $1,501,345.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.00% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new position in Regis in the fourth quarter valued at about $279,000. Millennium Management LLC grew its position in Regis by 19.4% in the fourth quarter. Millennium Management LLC now owns 273,013 shares of the company’s stock valued at $4,193,000 after acquiring an additional 44,397 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Regis by 40.4% in the fourth quarter. TIAA CREF Investment Management LLC now owns 254,328 shares of the company’s stock valued at $3,906,000 after acquiring an additional 73,226 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in Regis in the fourth quarter valued at about $1,057,000. Finally, Deutsche Bank AG grew its position in Regis by 5.8% in the fourth quarter. Deutsche Bank AG now owns 309,434 shares of the company’s stock valued at $4,750,000 after acquiring an additional 16,874 shares during the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

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Regis Company Profile

Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through four segments: North American Value, North American Franchise, North American Premium, and International. Its salons offer haircutting and styling, including shampooing and conditioning; custom styling, cutting, and hair coloring, as well as professional hair care products; and other services.

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