BidaskClub upgraded shares of Regis Corporation (NYSE:RGS) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other analysts have also weighed in on the company. ValuEngine lowered Regis Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. TheStreet lowered Regis Corporation from a c- rating to a d rating in a report on Friday, May 5th.

Regis Corporation (RGS) traded up 1.80% during mid-day trading on Friday, hitting $12.47. 323,341 shares of the stock were exchanged. Regis Corporation has a 52 week low of $9.02 and a 52 week high of $15.61. The company’s market capitalization is $578.60 million. The stock’s 50-day moving average is $10.47 and its 200 day moving average is $10.85.

Regis Corporation (NYSE:RGS) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.12. Regis Corporation had a positive return on equity of 0.70% and a negative net margin of 0.95%. The company had revenue of $424.20 million for the quarter. On average, analysts anticipate that Regis Corporation will post $0.13 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in RGS. Public Employees Retirement System of Ohio raised its stake in Regis Corporation by 13.0% in the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock valued at $121,000 after buying an additional 1,353 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Regis Corporation by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,110 shares of the company’s stock valued at $309,000 after buying an additional 163 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Regis Corporation by 9.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 447,977 shares of the company’s stock valued at $4,601,000 after buying an additional 37,909 shares during the period. State Street Corp increased its position in shares of Regis Corporation by 2.6% in the second quarter. State Street Corp now owns 909,613 shares of the company’s stock valued at $9,340,000 after buying an additional 23,241 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of Regis Corporation by 44.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 311,965 shares of the company’s stock valued at $3,203,000 after buying an additional 96,700 shares during the period. Institutional investors own 94.39% of the company’s stock.

Regis Corporation Company Profile

Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. 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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