StockNews.com Downgrades Regis (NYSE:RGS) to Sell

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

Regis Price Performance

Shares of Regis stock opened at $25.58 on Thursday. The firm has a market cap of $58.32 million, a P/E ratio of 0.69 and a beta of 2.48. The firm’s 50-day simple moving average is $24.05 and its 200-day simple moving average is $23.88. Regis has a twelve month low of $3.87 and a twelve month 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 released 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 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

Several institutional investors and hedge funds have recently made changes to their positions in RGS. Geode Capital Management LLC increased 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 worth $630,000 after purchasing an additional 6,492 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Regis during the third quarter worth approximately $450,000. Finally, TCW Group Inc. raised its stake in shares of Regis by 12.9% in the fourth quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock valued at $9,355,000 after acquiring an additional 45,060 shares during the last quarter. 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.