Revlon (REV) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Revlon (NYSE:REV) from a buy rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Revlon, Inc. conducts its business exclusively through its subsidiary, Revlon Consumer Products Corp. and its subsidiaries. They manufacture, market and sell an extensive array of cosmetics and skin care, fragrances and personal care products. Their brand names are REVLON, COLORSTAY, REVLON AGE DEFYING, ALMAY and ULTIMA II in cosmetics; MOON DROPS, ETERNA 27, ULTIMA II and JEANNE GATINEAU in skin care; CHARLIE and FIRE & ICE in fragrances; and FLEX, OUTRAGEOUS, MITCHUM, COLORSTAY, COLORSILK, JEAN NATE, PLUSBELLE, BOZZANO and COLORAMA in personal care. “

Separately, ValuEngine upgraded Revlon from a hold rating to a buy rating in a report on Tuesday, October 9th.

Shares of REV stock opened at $26.78 on Friday. Revlon has a twelve month low of $14.00 and a twelve month high of $29.62. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -13.88 and a beta of 0.40.

Revlon (NYSE:REV) last issued its earnings results on Friday, November 9th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.54. The firm had revenue of $655.40 million during the quarter, compared to analysts’ expectations of $639.60 million. During the same quarter in the prior year, the company posted ($0.38) earnings per share. Revlon’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Revlon will post -3.15 earnings per share for the current fiscal year.

In other Revlon news, Director Ronald O. Perelman purchased 10,000 shares of the stock in a transaction on Monday, December 31st. The stock was acquired at an average price of $25.15 per share, with a total value of $251,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald O. Perelman purchased 75,000 shares of the company’s stock in a transaction dated Friday, December 7th. The shares were acquired at an average price of $24.16 per share, for a total transaction of $1,812,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 306,191 shares of company stock valued at $7,354,472 over the last quarter. Company insiders own 85.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Revlon by 51.1% in the 3rd quarter. Morgan Stanley now owns 147,900 shares of the company’s stock valued at $3,298,000 after purchasing an additional 50,039 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Revlon by 7.2% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,001,753 shares of the company’s stock valued at $22,339,000 after purchasing an additional 67,364 shares during the last quarter. Symons Capital Management Inc. purchased a new position in Revlon during the 3rd quarter worth approximately $206,000. Alliancebernstein L.P. raised its position in Revlon by 18.4% during the 3rd quarter. Alliancebernstein L.P. now owns 19,300 shares of the company’s stock worth $430,000 after buying an additional 3,000 shares during the last quarter. Finally, Sterling Capital Management LLC purchased a new position in Revlon during the 3rd quarter worth approximately $2,810,000. 14.37% of the stock is owned by hedge funds and other institutional investors.

Revlon Company Profile

Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.

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