StockNews.com Upgrades Regis (NYSE:RGS) to Hold

Regis (NYSE:RGS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Regis Trading Down 0.8 %

Regis stock traded down $0.19 during midday trading on Wednesday, reaching $22.46. The stock had a trading volume of 13,073 shares, compared to its average volume of 24,760. The stock has a market capitalization of $51.25 million, a PE ratio of 0.60 and a beta of 2.50. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50-day simple moving average is $23.84 and its 200 day simple moving average is $23.82. Regis has a twelve month low of $3.87 and a twelve month high of $35.50.

Regis (NYSE:RGS) last issued its earnings results 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 return on equity of 143.69% and a net margin of 45.49%.

Institutional Trading of Regis

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TCW Group Inc. acquired a new stake in Regis during the third quarter valued at approximately $9,610,000. Geode Capital Management LLC increased its position in Regis by 39.6% in the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after buying an additional 6,492 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Regis during the third quarter worth about $450,000. Institutional investors own 31.50% of the company’s stock.

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.