Regis Co. (NYSE:RGS) Director Michael J. Merriman acquired 10,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $9.24 per share, for a total transaction of $92,400.00. Following the purchase, the director now directly owns 46,253 shares of the company’s stock, valued at $427,377.72. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Regis Co. (NYSE:RGS) traded down 0.63% during mid-day trading on Wednesday, reaching $9.41. The company’s stock had a trading volume of 153,282 shares. The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $12.90. Regis Co. has a 12 month low of $9.02 and a 12 month high of $15.61. The stock’s market capitalization is $436.25 million.

Regis (NYSE:RGS) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.20. The business had revenue of $412.60 million for the quarter. Regis had a return on equity of 1.00% and a net margin of 0.26%. On average, equities research analysts anticipate that Regis Co. will post $0.13 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Regis Co. (RGS) Director Acquires $92,400.00 in Stock” was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/05/10/regis-co-rgs-director-acquires-92400-00-in-stock.html.

Separately, TheStreet cut Regis from a “c-” rating to a “d” rating in a research note on Friday, May 5th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Regis during the fourth quarter worth approximately $1,093,000. Guggenheim Capital LLC boosted its position in shares of Regis by 273.2% in the fourth quarter. Guggenheim Capital LLC now owns 244,390 shares of the company’s stock worth $3,548,000 after buying an additional 178,905 shares in the last quarter. Allianz Asset Management AG boosted its position in shares of Regis by 9.3% in the fourth quarter. Allianz Asset Management AG now owns 42,824 shares of the company’s stock worth $622,000 after buying an additional 3,644 shares in the last quarter. State Street Corp boosted its position in shares of Regis by 8.2% in the fourth quarter. State Street Corp now owns 910,281 shares of the company’s stock worth $13,222,000 after buying an additional 68,703 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Regis by 5.0% in the third quarter. BlackRock Fund Advisors now owns 2,541,081 shares of the company’s stock worth $31,891,000 after buying an additional 122,142 shares in the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.

About Regis

Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.

5 Day Chart for NYSE:RGS

Receive News & Ratings for Regis Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regis Co. and related companies with MarketBeat.com's FREE daily email newsletter.