Regis (NYSE:RGS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note 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. “

RGS has been the topic of a number of other research reports. ValuEngine upgraded Regis from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub upgraded Regis from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Jefferies Group restated a “buy” rating and set a $17.00 price target (up previously from $15.00) on shares of Regis in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $17.00.

Shares of Regis (RGS) opened at $16.31 on Wednesday. Regis has a 12-month low of $9.02 and a 12-month high of $16.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.94. The firm has a market capitalization of $737.86, a PE ratio of 176.00, a price-to-earnings-growth ratio of 11.91 and a beta of 1.43.

Regis (NYSE:RGS) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. The firm had revenue of $309.87 million for the quarter, compared to analysts’ expectations of $334.10 million. During the same quarter in the previous year, the business earned $0.12 EPS. equities research analysts forecast that Regis will post 0.19 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in RGS. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Regis by 15.1% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,578,452 shares of the company’s stock valued at $36,751,000 after buying an additional 469,955 shares during the last quarter. Northern Trust Corp grew its stake in shares of Regis by 84.5% during the second quarter. Northern Trust Corp now owns 876,077 shares of the company’s stock valued at $8,998,000 after buying an additional 401,194 shares during the last quarter. Oaktree Capital Management LP bought a new position in shares of Regis during the third quarter valued at about $4,593,000. Boston Partners bought a new position in shares of Regis during the second quarter valued at about $2,356,000. Finally, Citadel Advisors LLC grew its stake in shares of Regis by 230.4% during the second quarter. Citadel Advisors LLC now owns 307,170 shares of the company’s stock valued at $3,154,000 after buying an additional 214,203 shares during the last quarter. 95.60% of the stock is currently owned by hedge funds and other institutional investors.

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Regis Company Profile

Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. 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.

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