Regis (RGS) Upgraded at Zacks Investment Research

Regis (NYSE:RGS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday.

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. “

A number of other equities research analysts have also commented on the company. KeyCorp assumed coverage on Regis in a research report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Jefferies Group upped their price target on Regis from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $17.00.

Regis (NYSE RGS) traded up $0.13 during midday trading on Thursday, hitting $15.59. The company’s stock had a trading volume of 63,516 shares, compared to its average volume of 83,933. Regis has a 1 year low of $9.02 and a 1 year high of $16.68. The company has a market cap of $729.01, a price-to-earnings ratio of -17.13, a PEG ratio of 9.72 and a beta of 1.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.94 and a quick ratio of 1.48.

Regis (NYSE:RGS) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $309.87 million during the quarter, compared to the consensus estimate of $334.10 million. During the same quarter last year, the firm posted $0.12 EPS. analysts forecast that Regis will post 0.23 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its position in shares of Regis by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 217,872 shares of the company’s stock valued at $3,109,000 after purchasing an additional 12,089 shares in the last quarter. Oaktree Capital Management LP bought a new stake in shares of Regis during the 3rd quarter valued at about $4,593,000. OxFORD Asset Management LLP bought a new stake in shares of Regis during the 3rd quarter valued at about $1,146,000. Wells Fargo & Company MN boosted its position in shares of Regis by 17.1% during the 3rd quarter. Wells Fargo & Company MN now owns 96,428 shares of the company’s stock valued at $1,376,000 after purchasing an additional 14,072 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Regis during the 3rd quarter valued at about $213,000. Institutional investors own 95.55% of the company’s stock.

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About Regis

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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