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 report released on Wednesday morning.

Regis Stock Performance

NYSE RGS opened at $22.46 on Wednesday. The firm has a market cap of $51.21 million, a price-to-earnings ratio of 3.84 and a beta of 2.50. The company has a 50 day moving average of $23.84 and a 200-day moving average 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 has a 1-year low of $3.87 and a 1-year high of $35.50.

Regis (NYSE:RGS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.93 earnings per share for the quarter. The company had revenue of $46.06 million during the quarter. Regis had a net margin of 45.49% and a return on equity of 143.69%.

Institutional Trading of Regis

Several hedge funds have recently modified their holdings of the stock. TCW Group Inc. bought a new stake in shares of Regis during the third quarter valued at approximately $9,610,000. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 6,492 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Regis during the third quarter valued at approximately $450,000. 31.50% of the stock is owned by institutional investors.

Regis Company Profile

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.