Revlon (REV) Upgraded to Hold at Zacks Investment Research

Revlon (NYSE:REV) 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, “Revlon, Inc. conducts its business exclusively through its subsidiary, Revlon Consumer Products Corp. and its subsidiaries. They manufacture, market and sell an extensive array of cosmetics and skin care, fragrances and personal care products. Their brand names are REVLON, COLORSTAY, REVLON AGE DEFYING, ALMAY and ULTIMA II in cosmetics; MOON DROPS, ETERNA 27, ULTIMA II and JEANNE GATINEAU in skin care; CHARLIE and FIRE & ICE in fragrances; and FLEX, OUTRAGEOUS, MITCHUM, COLORSTAY, COLORSILK, JEAN NATE, PLUSBELLE, BOZZANO and COLORAMA in personal care. “

Other equities research analysts also recently issued research reports about the company. Jefferies Group started coverage on Revlon in a research report on Wednesday, September 13th. They set a “hold” rating and a $16.00 price target on the stock. ValuEngine downgraded Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.00.

Revlon (NYSE:REV) traded up $0.05 during trading on Thursday, hitting $22.00. The stock had a trading volume of 53,221 shares, compared to its average volume of 69,833. Revlon has a 52-week low of $15.60 and a 52-week high of $36.80. The company has a quick ratio of 0.67, a current ratio of 1.25 and a debt-to-equity ratio of -3.78. The company has a market capitalization of $1,150.00, a price-to-earnings ratio of -8.18 and a beta of 0.62.

Revlon (NYSE:REV) last issued its quarterly earnings data on Friday, November 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.51). Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. The business had revenue of $666.50 million during the quarter, compared to analysts’ expectations of $604.50 million. research analysts forecast that Revlon will post -1.96 earnings per share for the current year.

In other news, Director Ronald O. Perelman acquired 47,355 shares of the business’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $22.43 per share, with a total value of $1,062,172.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 78.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in Revlon by 14.8% in the 3rd quarter. California Public Employees Retirement System now owns 87,333 shares of the company’s stock worth $2,144,000 after acquiring an additional 11,233 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Revlon during the 3rd quarter valued at $579,000. Wells Fargo & Company MN grew its position in shares of Revlon by 59.1% during the 3rd quarter. Wells Fargo & Company MN now owns 16,582 shares of the company’s stock valued at $408,000 after acquiring an additional 6,162 shares during the period. Advisor Group Inc. grew its position in shares of Revlon by 102.7% during the 3rd quarter. Advisor Group Inc. now owns 9,789 shares of the company’s stock valued at $240,000 after acquiring an additional 4,960 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Revlon during the 3rd quarter valued at $499,000. Hedge funds and other institutional investors own 14.55% of the company’s stock.

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Revlon Company Profile

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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