Revlon Inc (REV) Cut to “Sell” at BidaskClub
Revlon Inc (NYSE:REV) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Separately, TheStreet lowered shares of Revlon from a “c” rating to a “d+” rating in a research report on Tuesday, March 28th.
Revlon (NYSE REV) traded down 2.26% on Thursday, reaching $21.65. 151,867 shares of the company were exchanged. The stock’s market capitalization is $1.14 billion. Revlon has a 12-month low of $18.15 and a 12-month high of $37.96. The company’s 50-day moving average price is $20.72 and its 200-day moving average price is $27.45.
Revlon (NYSE:REV) last posted its earnings results on Friday, May 5th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $594.90 million for the quarter. Equities research analysts anticipate that Revlon will post $1.80 earnings per share for the current fiscal year.
In other Revlon news, Director Ronald O. Perelman bought 120,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $18.66 per share, for a total transaction of $2,239,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald O. Perelman bought 100,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were acquired at an average price of $20.00 per share, with a total value of $2,000,000.00. The disclosure for this purchase can be found here. Insiders have acquired 2,680,438 shares of company stock valued at $55,375,570 in the last quarter. Company insiders own 78.00% of the company’s stock.
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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