Parametric Portfolio Associates LLC cut its position in shares of Regis Corporation (NYSE:RGS) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,438 shares of the company’s stock after selling 12,927 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.29% of Regis Corporation worth $1,370,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Regis Corporation by 7.0% during the first quarter. Vanguard Group Inc. now owns 3,250,563 shares of the company’s stock valued at $38,097,000 after buying an additional 211,913 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Regis Corporation by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 1,485,132 shares of the company’s stock valued at $15,253,000 after buying an additional 10,313 shares during the last quarter. Northern Trust Corp boosted its stake in Regis Corporation by 84.5% during the second quarter. Northern Trust Corp now owns 876,077 shares of the company’s stock valued at $8,998,000 after buying an additional 401,194 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Regis Corporation by 18.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 583,946 shares of the company’s stock valued at $5,998,000 after buying an additional 91,208 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Regis Corporation by 6.3% during the first quarter. Geode Capital Management LLC now owns 273,849 shares of the company’s stock valued at $3,209,000 after buying an additional 16,205 shares during the last quarter. 95.09% of the stock is owned by institutional investors.
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A number of equities analysts recently commented on the company. Zacks Investment Research raised Regis Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday. BidaskClub raised Regis Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Jefferies Group LLC raised their price objective on Regis Corporation from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, ValuEngine raised Regis Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.00.
Shares of Regis Corporation (NYSE:RGS) opened at $14.58 on Wednesday. The stock has a market capitalization of $670.32, a P/E ratio of 159.89, a PEG ratio of 10.82 and a beta of 1.42. Regis Corporation has a one year low of $9.02 and a one year high of $15.61. The company has a quick ratio of 1.48, a current ratio of 1.94 and a debt-to-equity ratio of 0.25.
Regis Corporation (NYSE:RGS) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $309.87 million during the quarter, compared to the consensus estimate of $334.10 million. Regis Corporation had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same period in the previous year, the business earned $0.12 earnings per share. sell-side analysts predict that Regis Corporation will post 0.19 earnings per share for the current fiscal year.
About Regis Corporation
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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