Regis Co. (RGS) Given Average Recommendation of “Buy” by Analysts

Shares of Regis Co. (NYSE:RGS) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.50.

RGS has been the subject of a number of recent analyst reports. Jefferies Group lifted their target price on shares of Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Regis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, KeyCorp initiated coverage on shares of Regis in a research note on Wednesday, December 20th. They set a “sector weight” rating for the company.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Partners lifted its stake in Regis by 4.9% during the 3rd quarter. Boston Partners now owns 240,700 shares of the company’s stock valued at $3,435,000 after acquiring an additional 11,350 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Regis during the 3rd quarter valued at approximately $333,000. California Public Employees Retirement System lifted its stake in 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 acquiring an additional 12,089 shares during the period. OxFORD Asset Management LLP acquired a new stake in Regis during the 3rd quarter valued at approximately $1,146,000. Finally, Renaissance Technologies LLC lifted its stake in Regis by 11.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,960,200 shares of the company’s stock valued at $20,131,000 after acquiring an additional 202,700 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.

Shares of Regis (RGS) opened at $15.23 on Thursday. The company has a market cap of $713.98, a P/E ratio of -89.58, a P/E/G ratio of 5.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.52. Regis has a 12 month low of $9.02 and a 12 month high of $16.68.

Regis (NYSE:RGS) last released its earnings results on Thursday, February 1st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $308.52 million during the quarter, compared to analysts’ expectations of $316.30 million. Regis had a negative net margin of 0.51% and a positive return on equity of 1.68%. analysts anticipate that Regis will post 0.37 earnings per share for the current fiscal year.

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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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