Jefferies Group LLC restated their buy rating on shares of Regis Corporation (NYSE:RGS) in a research report sent to investors on Tuesday morning. The brokerage currently has a $17.00 target price on the stock, up from their previous target price of $15.00. Jefferies Group also issued estimates for Regis Corporation’s Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at ($0.09) EPS, FY2018 earnings at $0.25 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at ($0.03) EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.49 EPS.

A number of other research firms also recently weighed in on RGS. BidaskClub upgraded Regis Corporation from a sell rating to a hold rating in a research report on Thursday, August 3rd. ValuEngine upgraded Regis Corporation from a sell rating to a hold rating in a research report on Tuesday, August 29th.

Regis Corporation (RGS) opened at 14.72 on Tuesday. Regis Corporation has a 12-month low of $9.02 and a 12-month high of $15.61. The stock has a 50 day moving average of $13.73 and a 200-day moving average of $11.21. The company’s market cap is $682.99 million.

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

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Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in Regis Corporation by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 404,282 shares of the company’s stock valued at $4,738,000 after purchasing an additional 14,967 shares during the last quarter. GSA Capital Partners LLP lifted its position in Regis Corporation by 47.3% in the second quarter. GSA Capital Partners LLP now owns 92,744 shares of the company’s stock valued at $952,000 after purchasing an additional 29,777 shares during the last quarter. Systematic Financial Management LP lifted its position in Regis Corporation by 13.8% in the second quarter. Systematic Financial Management LP now owns 136,300 shares of the company’s stock valued at $1,400,000 after purchasing an additional 16,545 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Regis Corporation by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 185,742 shares of the company’s stock valued at $2,178,000 after purchasing an additional 6,885 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in Regis Corporation by 133.6% in the first quarter. Citadel Advisors LLC now owns 92,967 shares of the company’s stock valued at $1,090,000 after purchasing an additional 53,171 shares during the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

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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