Regis Corporation (RGS) Given New $18.00 Price Target at Jefferies Group LLC
Regis Corporation (NYSE:RGS) had its price objective upped by Jefferies Group LLC from $17.00 to $18.00 in a research report sent to investors on Wednesday. The brokerage currently has a buy rating on the stock. Jefferies Group also issued estimates for Regis Corporation’s Q4 2018 earnings at $0.05 EPS.
Several other equities analysts have also issued reports on RGS. BidaskClub raised Regis Corporation from a sell rating to a hold rating in a research note on Thursday, August 3rd. ValuEngine raised Regis Corporation from a sell rating to a hold rating in a research note on Tuesday, August 29th.
Regis Corporation (NYSE:RGS) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). Regis Corporation had a negative net margin of 2.70% and a positive return on equity of 0.81%. The business had revenue of $309.87 million during the quarter, compared to analyst estimates of $334.10 million. During the same period last year, the firm posted $0.12 earnings per share.
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Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its stake in Regis Corporation by 6.1% in the first quarter. Public Employees Retirement System of Ohio now owns 10,389 shares of the company’s stock valued at $122,000 after buying an additional 599 shares during the period. Jane Street Group LLC bought a new stake in shares of Regis Corporation during the first quarter valued at approximately $127,000. Highbridge Capital Management LLC bought a new stake in shares of Regis Corporation during the first quarter valued at approximately $131,000. Wedge Capital Management L L P NC increased its holdings in shares of Regis Corporation by 10.3% during the second quarter. Wedge Capital Management L L P NC now owns 15,716 shares of the company’s stock valued at $161,000 after acquiring an additional 1,464 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Regis Corporation by 41.0% during the second quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock valued at $167,000 after acquiring an additional 4,721 shares in the last quarter. 95.20% of the stock is currently owned by hedge funds and other institutional investors.
About Regis Corporation
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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