Royce & Associates LP Takes $411,000 Position in Regis Corporation (RGS)
Royce & Associates LP bought a new stake in shares of Regis Corporation (NYSE:RGS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 40,000 shares of the company’s stock, valued at approximately $411,000. Royce & Associates LP owned 0.09% of Regis Corporation at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in RGS. Boston Partners acquired a new position in Regis Corporation during the 2nd quarter valued at about $2,356,000. Vanguard Group Inc. increased its stake in Regis Corporation by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 3,250,563 shares of the company’s stock valued at $38,097,000 after buying an additional 211,913 shares during the period. UBS Group AG increased its stake in Regis Corporation by 1,931.7% during the 1st quarter. UBS Group AG now owns 134,944 shares of the company’s stock valued at $1,581,000 after buying an additional 128,302 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Regis Corporation by 18.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 583,946 shares of the company’s stock valued at $5,998,000 after buying an additional 91,208 shares during the period. Finally, Morgan Stanley increased its stake in Regis Corporation by 62.0% during the 1st quarter. Morgan Stanley now owns 226,370 shares of the company’s stock valued at $2,652,000 after buying an additional 86,663 shares during the period. 95.35% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have commented on RGS shares. ValuEngine cut shares of Regis Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Regis Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC started coverage on shares of Regis Corporation in a research report on Wednesday, September 13th. They set a “buy” rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.00.
Regis Corporation (NYSE:RGS) opened at 13.31 on Tuesday. Regis Corporation has a 52-week low of $9.02 and a 52-week high of $15.61. The company’s market cap is $617.57 million. The stock’s 50 day moving average is $11.64 and its 200 day moving average is $10.86.
Regis Corporation (NYSE:RGS) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $424.20 million during the quarter. Equities research analysts forecast that Regis Corporation will post $0.13 earnings per share for the current year.
About Regis Corporation
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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