Jefferies Group LLC Begins Coverage on Revlon, Inc. (REV)
Jefferies Group LLC began coverage on shares of Revlon, Inc. (NYSE:REV) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued a hold rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Revlon’s Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.28 EPS, FY2017 earnings at ($1.11) EPS, Q1 2018 earnings at ($0.42) EPS, Q2 2018 earnings at ($0.23) EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at ($0.69) EPS, Q1 2019 earnings at ($0.36) EPS, Q2 2019 earnings at ($0.09) EPS and FY2019 earnings at ($0.40) EPS.
Separately, BidaskClub cut shares of Revlon from a hold rating to a sell rating in a research note on Thursday, July 13th.
Revlon (NYSE:REV) opened at 16.05 on Wednesday. Revlon has a 52-week low of $15.60 and a 52-week high of $37.96. The stock’s 50 day moving average price is $17.55 and its 200 day moving average price is $22.53. The stock’s market capitalization is $844.47 million.
Revlon (NYSE:REV) last announced its quarterly earnings data on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. The company had revenue of $645.70 million for the quarter. On average, analysts forecast that Revlon will post $1.80 EPS for the current year.
In related news, Director Ronald O. Perelman acquired 120,618 shares of the stock in a transaction dated Monday, June 19th. The stock was bought at an average cost of $22.91 per share, with a total value of $2,763,358.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald O. Perelman acquired 150,210 shares of the stock in a transaction dated Friday, June 23rd. The shares were bought at an average cost of $23.11 per share, with a total value of $3,471,353.10. The disclosure for this purchase can be found here. Insiders have bought a total of 1,426,204 shares of company stock valued at $28,846,238 over the last three months. Corporate insiders own 78.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in REV. Advisor Group Inc. purchased a new stake in Revlon during the 2nd quarter worth $114,000. The Manufacturers Life Insurance Company boosted its position in Revlon by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock worth $261,000 after purchasing an additional 137 shares during the period. Tower Research Capital LLC TRC boosted its position in Revlon by 625.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock worth $292,000 after purchasing an additional 10,637 shares during the period. Goldman Sachs Group Inc. boosted its position in Revlon by 2.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock worth $293,000 after purchasing an additional 296 shares during the period. Finally, Rhumbline Advisers boosted its position in Revlon by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock worth $327,000 after purchasing an additional 280 shares during the period. 13.99% of the stock is owned by institutional investors.
Revlon Company Profile
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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