Regis Corporation (RGS) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Regis Corporation (NYSE:RGS) have received a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.00.
A number of research firms have recently weighed in on RGS. Zacks Investment Research downgraded Regis from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. KeyCorp began coverage on Regis in a research report on Wednesday. They set a “hold” rating for the company. Jefferies Group boosted their target price on Regis from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. ValuEngine upgraded Regis from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub upgraded Regis from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th.
Regis (NYSE RGS) traded up $0.06 during mid-day trading on Wednesday, hitting $15.85. The stock had a trading volume of 83,901 shares, compared to its average volume of 202,094. The company has a market capitalization of $738.33, a P/E ratio of 177.89, a P/E/G ratio of 12.04 and a beta of 1.43. Regis has a 12 month low of $9.02 and a 12 month high of $16.68. The company has a current ratio of 1.94, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Regis in the third quarter valued at about $127,000. Public Employees Retirement System of Ohio increased its holdings in Regis by 13.0% in the second quarter. Public Employees Retirement System of Ohio now owns 11,742 shares of the company’s stock valued at $121,000 after purchasing an additional 1,353 shares during the last quarter. Trexquant Investment LP bought a new stake in Regis in the third quarter valued at about $213,000. Wedge Capital Management L L P NC increased its holdings in Regis by 10.3% in 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 purchasing an additional 1,464 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Regis by 41.0% in the second quarter. BNP Paribas Arbitrage SA now owns 16,242 shares of the company’s stock valued at $167,000 after purchasing an additional 4,721 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.
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Regis Company Profile
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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