Regis (NYSE:RGS) Downgraded by StockNews.com to Sell

Regis (NYSE:RGS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Regis Stock Up 2.0 %

NYSE:RGS opened at $25.58 on Thursday. The stock’s fifty day moving average price is $24.05 and its two-hundred day moving average price is $23.88. The company has a market cap of $58.32 million, a price-to-earnings ratio of 0.69 and a beta of 2.48. Regis has a 52-week low of $3.87 and a 52-week high of $35.50. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.35 and a current ratio of 0.35.

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

Institutional Investors Weigh In On Regis

Institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in Regis in the third quarter valued at approximately $450,000. Geode Capital Management LLC raised its position in shares of Regis by 39.6% during the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock valued at $630,000 after acquiring an additional 6,492 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in shares of Regis by 12.9% in the 4th quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock valued at $9,355,000 after purchasing an additional 45,060 shares during the period. Institutional investors and hedge funds own 31.50% of the company’s stock.

About Regis

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.