Regis Co. (RGS) Director Acquires $77,500.00 in Stock

Regis Co. (NYSE:RGS) Director David Patrick Williams acquired 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $15.50 per share, for a total transaction of $77,500.00. Following the completion of the acquisition, the director now directly owns 96,861 shares in the company, valued at $1,501,345.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Regis Co. (RGS) traded up $1.16 during midday trading on Monday, reaching $16.79. 168,153 shares of the company were exchanged, compared to its average volume of 143,735. Regis Co. has a 12-month low of $9.02 and a 12-month high of $16.94. The stock has a market capitalization of $729.86, a P/E ratio of 86.83, a PEG ratio of 6.03 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 (NYSE:RGS) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. Regis had a negative net margin of 0.51% and a positive return on equity of 1.68%. The firm had revenue of $308.52 million for the quarter, compared to the consensus estimate of $316.30 million. equities analysts predict that Regis Co. will post 0.37 earnings per share for the current fiscal year.

Several research firms have recently commented on RGS. KeyCorp began coverage on shares of Regis in a report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Zacks Investment Research raised shares of Regis from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a report on Saturday, February 3rd. Finally, Jefferies Group upped their price objective on shares of Regis from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings in Regis by 13.0% during the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock worth $121,000 after buying an additional 1,353 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Regis during the third quarter worth $127,000. UBS Asset Management Americas Inc. purchased a new stake in Regis during the fourth quarter worth $176,000. Teacher Retirement System of Texas acquired a new position in Regis during the fourth quarter worth $184,000. Finally, Trexquant Investment LP acquired a new position in Regis during the third quarter worth $213,000. 95.27% 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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