Regis (NYSE:RGS) Raised to Hold at StockNews.com

Regis (NYSE:RGS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Regis Stock Performance

Shares of RGS opened at $23.44 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69. Regis has a 52-week low of $3.87 and a 52-week high of $35.50. The company has a 50-day simple moving average of $23.89 and a 200-day simple moving average of $23.82. The company has a market capitalization of $53.44 million, a PE ratio of 0.63 and a beta of 2.50.

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

Institutional Trading of Regis

Institutional investors have recently bought and sold shares of the company. TCW Group Inc. acquired a new position in shares of Regis during the 3rd quarter worth $9,610,000. Proficio Capital Partners LLC purchased a new position in Regis during the 3rd quarter valued at about $450,000. Finally, Geode Capital Management LLC raised 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 acquiring an additional 6,492 shares during the last quarter. 31.50% of the stock is currently owned by hedge funds and other institutional investors.

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.