Regis (RGS) Rating Lowered to Sell at Zacks Investment Research

Regis (NYSE:RGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Regis Corporation owns, franchises and operates beauty salons. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters and First Choice Haircutters. Regis maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. “

A number of other equities research analysts have also recently commented on the company. Jefferies Group increased their target price on Regis from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. ValuEngine upgraded Regis from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BidaskClub upgraded Regis from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Regis currently has an average rating of “Hold” and an average target price of $17.00.

Shares of Regis (NYSE RGS) opened at $15.96 on Tuesday. The firm has a market capitalization of $744.39, a P/E ratio of 177.56, a P/E/G ratio of 12.02 and a beta of 1.43. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 0.25. Regis has a fifty-two week low of $9.02 and a fifty-two week high of $16.68.

Regis (NYSE:RGS) last announced its earnings results on Tuesday, October 31st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $309.87 million for the quarter, compared to analyst estimates of $334.10 million. Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same quarter last year, the company posted $0.12 EPS. analysts expect that Regis will post 0.19 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Boston Partners grew its holdings 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 buying an additional 11,350 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Regis by 47.3% during the 2nd quarter. GSA Capital Partners LLP now owns 92,744 shares of the company’s stock worth $952,000 after purchasing an additional 29,777 shares during the period. Systematic Financial Management LP lifted its stake in shares of Regis by 13.8% during the 2nd quarter. Systematic Financial Management LP now owns 136,300 shares of the company’s stock worth $1,400,000 after purchasing an additional 16,545 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Regis by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,485,132 shares of the company’s stock worth $15,253,000 after purchasing an additional 10,313 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Regis by 15.1% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 3,578,452 shares of the company’s stock worth $36,751,000 after purchasing an additional 469,955 shares during the period. Hedge funds and other institutional investors own 95.60% of the company’s stock.

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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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