Shares of Regis Corp. (NYSE:RGS) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus price target of $13.00 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Regis Corp. an industry rank of 190 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Regis Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 31st.
Shares of Regis Corp. (NYSE:RGS) traded down 1.28% during midday trading on Monday, hitting $13.90. 25,458 shares of the company traded hands. The stock’s market capitalization is $642.56 million. The stock’s 50-day moving average is $12.77 and its 200 day moving average is $12.96. Regis Corp. has a 12-month low of $10.96 and a 12-month high of $17.03.
Regis Corp. (NYSE:RGS) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Regis Corp. had a negative net margin of 0.41% and a positive return on equity of 1.53%. The firm earned $431.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same period last year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect that Regis Corp. will post $0.12 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. increased its position in shares of Regis Corp. by 37.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 349,275 shares of the company’s stock worth $4,382,000 after buying an additional 96,045 shares in the last quarter. Credit Suisse AG increased its position in shares of Regis Corp. by 2.8% in the third quarter. Credit Suisse AG now owns 56,271 shares of the company’s stock worth $705,000 after buying an additional 1,523 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Regis Corp. by 137.5% in the third quarter. Panagora Asset Management Inc. now owns 35,440 shares of the company’s stock worth $445,000 after buying an additional 20,516 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Regis Corp. by 10.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 375,470 shares of the company’s stock worth $4,712,000 after buying an additional 35,331 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in shares of Regis Corp. by 29.6% in the third quarter. Gotham Asset Management LLC now owns 66,822 shares of the company’s stock worth $839,000 after buying an additional 15,245 shares in the last quarter. 96.09% of the stock is owned by institutional investors.
Regis Corp. Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates in three segments: North American Value, North American Premium and International. As of June 30, 2015, the Company owned, franchised or held ownership interests in 9,556 locations around the world. The Company’s locations consist of around 9,300 company-owned and franchised salons and around 200 locations in which it maintains a non-controlling ownership interest.