Regis (NASDAQ:RGS) Trading Down 0.7% – What’s Next?

Regis Corp (NASDAQ:RGS)’s stock price was down 0.7% on Monday . The stock traded as low as $27.28 and last traded at $27.45. Approximately 2,111 shares traded hands during trading, a decline of 59% from the average session volume of 5,206 shares. The stock had previously closed at $27.63.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings cut shares of Regis from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Wall Street Zen raised shares of Regis to a “hold” rating in a report on Saturday, April 4th. Finally, Lake Street Capital started coverage on shares of Regis in a report on Tuesday, May 26th. They set a “buy” rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Regis Stock Down 0.7%

The firm has a market capitalization of $68.62 million, a price-to-earnings ratio of 0.63 and a beta of 1.34. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.59 and a quick ratio of 0.57. The business has a fifty day moving average price of $27.59 and a two-hundred day moving average price of $25.47.

Regis (NASDAQ:RGS) last released its earnings results on Wednesday, May 13th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.87. The firm had revenue of $52.41 million during the quarter, compared to the consensus estimate of $123.65 million. Regis had a return on equity of 3.60% and a net margin of 52.01%.

Hedge Funds Weigh In On Regis

A number of institutional investors have recently bought and sold shares of RGS. Renaissance Technologies LLC lifted its stake in Regis by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 13,344 shares of the company’s stock valued at $370,000 after acquiring an additional 1,500 shares during the period. Mink Brook Asset Management LLC increased its stake in shares of Regis by 653.0% in the fourth quarter. Mink Brook Asset Management LLC now owns 69,011 shares of the company’s stock worth $1,915,000 after acquiring an additional 59,846 shares during the period. Geode Capital Management LLC increased its stake in shares of Regis by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 26,695 shares of the company’s stock worth $741,000 after acquiring an additional 478 shares during the period. Kent Lake PR LLC purchased a new position in shares of Regis during the second quarter worth $412,000. Finally, DRW Securities LLC purchased a new position in shares of Regis during the fourth quarter worth $247,000. 31.50% of the stock is owned by hedge funds and other institutional investors.

About Regis

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.