New York State Teachers Retirement System decreased its holdings in shares of Regis Co. (NYSE:RGS) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,307 shares of the company’s stock after selling 1,601 shares during the quarter. New York State Teachers Retirement System owned approximately 0.19% of Regis worth $559,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of RGS. Cramer Rosenthal Mcglynn LLC lifted its stake in Regis by 31.5% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 3,892,222 shares of the company’s stock worth $23,003,000 after purchasing an additional 931,978 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Regis by 57.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,795,934 shares of the company’s stock worth $10,614,000 after purchasing an additional 655,871 shares during the last quarter. Norges Bank purchased a new stake in Regis during the fourth quarter worth approximately $5,314,000. WCM Investment Management LLC lifted its stake in Regis by 80.2% during the first quarter. WCM Investment Management LLC now owns 472,338 shares of the company’s stock worth $2,791,000 after purchasing an additional 210,162 shares during the last quarter. Finally, UBS Group AG lifted its stake in Regis by 212.3% during the fourth quarter. UBS Group AG now owns 215,010 shares of the company’s stock worth $3,843,000 after purchasing an additional 146,155 shares during the last quarter.
Regis stock opened at $7.68 on Friday. Regis Co. has a 12 month low of $4.22 and a 12 month high of $23.27. The company has a debt-to-equity ratio of 5.21, a current ratio of 1.51 and a quick ratio of 1.26. The business has a 50 day simple moving average of $8.23 and a 200-day simple moving average of $10.53. The stock has a market capitalization of $279.29 million, a PE ratio of -2.67 and a beta of 2.65.
Regis (NYSE:RGS) last released its quarterly earnings results on Thursday, June 18th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.31. Regis had a positive return on equity of 14.17% and a negative net margin of 12.08%. The business had revenue of $153.78 million during the quarter, compared to analysts’ expectations of $145.00 million. As a group, equities research analysts anticipate that Regis Co. will post 1.18 EPS for the current year.
A number of brokerages have weighed in on RGS. Zacks Investment Research upgraded Regis from a “sell” rating to a “strong-buy” rating and set a $9.25 price objective for the company in a research note on Tuesday, July 21st. ValuEngine upgraded Regis from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Loop Capital reduced their price objective on Regis from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, June 19th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.56.
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.
Featured Article: How does the Federal Reserve determine interest rates?
Want to see what other hedge funds are holding RGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regis Co. (NYSE:RGS).
Receive News & Ratings for Regis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regis and related companies with MarketBeat.com's FREE daily email newsletter.