Regis Co. (NYSE:RGS) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $18.04 and traded as high as $18.45. Regis shares last traded at $18.31, with a volume of 6,972 shares changing hands.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. TheStreet raised shares of White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, June 28th. Finally, Loop Capital started coverage on shares of Regis in a research note on Friday, April 5th. They set a “buy” rating and a $25.00 target price for the company.
The stock has a market capitalization of $699.23 million, a P/E ratio of 30.87, a P/E/G ratio of 4.39 and a beta of 1.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.62. The company’s 50-day moving average is $18.04.
Regis (NYSE:RGS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.29. The company had revenue of $258.34 million during the quarter, compared to the consensus estimate of $276.60 million. Regis had a negative net margin of 0.36% and a positive return on equity of 10.20%. Analysts predict that Regis Co. will post 0.91 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in Regis in the first quarter worth approximately $36,000. BNP Paribas Arbitrage SA boosted its holdings in Regis by 78.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,754 shares of the company’s stock worth $153,000 after purchasing an additional 3,412 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Regis in the fourth quarter worth approximately $165,000. Metropolitan Life Insurance Co. NY boosted its holdings in Regis by 309.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,727 shares of the company’s stock worth $182,000 after purchasing an additional 8,109 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in Regis by 14.3% in the fourth quarter. United Services Automobile Association now owns 11,341 shares of the company’s stock worth $192,000 after purchasing an additional 1,417 shares during the last quarter. 99.05% of the stock is owned by institutional investors.
About Regis (NYSE:RGS)
Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.
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