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

StockNews.com upgraded shares of Regis (NYSE:RGS) from a sell rating to a hold rating in a research report released on Wednesday.

Regis Trading Down 0.8 %

Shares of NYSE:RGS opened at $22.46 on Wednesday. The stock has a market capitalization of $51.21 million, a PE ratio of 3.84 and a beta of 2.50. Regis has a 1 year low of $3.87 and a 1 year high of $35.50. The firm has a fifty day moving average price of $23.84 and a 200 day moving average price of $23.82. 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 (NYSE:RGS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.93 earnings per share (EPS) for the quarter. Regis had a net margin of 45.49% and a return on equity of 143.69%. The company had revenue of $46.06 million during the quarter.

Institutional Investors Weigh In On Regis

Hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Regis during the third quarter valued at about $450,000. Geode Capital Management LLC boosted its holdings in Regis by 39.6% during the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock valued at $630,000 after acquiring an additional 6,492 shares during the period. Finally, TCW Group Inc. acquired a new position in shares of Regis during the third quarter valued at about $9,610,000. 31.50% of the stock is currently owned by 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.