Regis (NASDAQ:RGS) Stock Price Down 0.7% – Should You Sell?

Regis Corp (NASDAQ:RGSGet Free Report) shares were down 0.7% during mid-day trading on Monday . The company traded as low as $27.28 and last traded at $27.45. 2,111 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 5,206 shares. The stock had previously closed at $27.63.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RGS shares. Lake Street Capital began coverage on Regis in a report on Tuesday, May 26th. They set a “buy” rating and a $42.00 target price on the stock. Wall Street Zen raised shares of Regis to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings downgraded shares of Regis from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Regis currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Check Out Our Latest Analysis on RGS

Regis Stock Performance

The company has a market cap of $73.72 million, a P/E ratio of 0.68 and a beta of 1.34. The stock has a 50 day moving average price of $27.62 and a two-hundred day moving average price of $25.47. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.36.

Regis (NASDAQ:RGSGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.87. The business had revenue of $52.41 million during the quarter, compared to the consensus estimate of $123.65 million. Regis had a return on equity of 3.60% and a net margin of 52.01%.

Hedge Funds Weigh In On Regis

Hedge funds have recently bought and sold shares of the business. Mink Brook Asset Management LLC boosted its holdings in Regis by 653.0% in the 4th quarter. Mink Brook Asset Management LLC now owns 69,011 shares of the company’s stock valued at $1,915,000 after purchasing an additional 59,846 shares during the period. Geode Capital Management LLC grew its position in shares of Regis by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,695 shares of the company’s stock worth $741,000 after purchasing an additional 478 shares in the last quarter. Kent Lake PR LLC bought a new position in shares of Regis during the second quarter worth approximately $412,000. Renaissance Technologies LLC raised its position in shares of Regis by 12.7% in the first quarter. Renaissance Technologies LLC now owns 15,044 shares of the company’s stock valued at $371,000 after buying an additional 1,700 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Regis in the fourth quarter valued at approximately $247,000. 31.50% of the stock is owned by institutional investors.

Regis Company Profile

(Get Free Report)

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.

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