Regis (NYSE:RGS) Stock Rating Lowered by StockNews.com

Regis (NYSE:RGS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Regis Price Performance

Shares of RGS opened at $24.30 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.69. Regis has a twelve month low of $3.87 and a twelve month high of $35.50. The firm has a market capitalization of $55.40 million, a PE ratio of 0.65 and a beta of 2.48. The stock’s 50 day moving average is $24.04 and its two-hundred day moving average is $23.86.

Regis (NYSE:RGS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.93 earnings per share for the quarter. The firm had revenue of $46.06 million for the quarter. Regis had a return on equity of 143.69% and a net margin of 45.49%.

Institutional Trading of Regis

A number of institutional investors have recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC purchased a new stake in Regis during the fourth quarter worth about $923,998,000. TCW Group Inc. boosted its stake in shares of Regis by 12.9% during the 4th quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock worth $9,355,000 after acquiring an additional 45,060 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Regis by 101.1% during the fourth quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company’s stock worth $781,000 after purchasing an additional 16,561 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Regis by 39.6% during the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after purchasing an additional 6,492 shares in the last quarter. Hedge funds and other institutional investors own 31.50% of the company’s stock.

About Regis

Regis Corporation owns and franchises hair care salons primarily in North America. The company operates in two segments, Franchise Salons and Company-Owned Salons. Its salons provide haircutting; styling, including shampooing and conditioning; hair coloring; and other services, as well as sell various hair care and other beauty products.