Revlon, Inc. (REV) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN lowered its holdings in Revlon, Inc. (NYSE:REV) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,420 shares of the company’s stock after selling 342 shares during the quarter. Wells Fargo & Company MN’s holdings in Revlon were worth $247,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in REV. Rhumbline Advisers grew its holdings in Revlon by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after buying an additional 280 shares during the last quarter. Pioneer Investment Management Inc. acquired a new stake in Revlon in the 2nd quarter valued at approximately $1,186,000. Schwab Charles Investment Management Inc. grew its holdings in Revlon by 1.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock valued at $1,461,000 after buying an additional 745 shares during the last quarter. Finally, K.J. Harrison & Partners Inc grew its holdings in Revlon by 5.4% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 100,300 shares of the company’s stock valued at $2,377,000 after buying an additional 5,124 shares during the last quarter. 14.95% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Ronald O. Perelman bought 66,684 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was acquired at an average price of $20.03 per share, for a total transaction of $1,335,680.52. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald O. Perelman bought 47,355 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $22.43 per share, with a total value of $1,062,172.65. The disclosure for this purchase can be found here. Insiders acquired a total of 845,974 shares of company stock valued at $15,445,954 in the last quarter. Corporate insiders own 78.00% of the company’s stock.
A number of analysts have issued reports on REV shares. Zacks Investment Research lowered Revlon from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 15th. BidaskClub lowered Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. ValuEngine lowered Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Finally, Jefferies Group LLC began coverage on Revlon in a research report on Wednesday, September 13th. They issued a “hold” rating and a $16.00 price objective for the company. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Revlon presently has a consensus rating of “Sell” and a consensus target price of $16.00.
Shares of Revlon, Inc. (NYSE:REV) opened at $21.50 on Monday. The company has a debt-to-equity ratio of -3.78, a quick ratio of 0.67 and a current ratio of 1.25. Revlon, Inc. has a 52-week low of $15.60 and a 52-week high of $36.80.
Revlon (NYSE:REV) last announced its quarterly earnings data on Friday, November 3rd. The company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.51). Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. The firm had revenue of $666.50 million during the quarter, compared to the consensus estimate of $604.50 million. equities analysts predict that Revlon, Inc. will post -1.96 EPS for the current fiscal year.
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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