Regis (NYSE:RGS) Upgraded at StockNews.com

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

Regis Stock Up 4.4 %

RGS stock opened at $23.44 on Wednesday. Regis has a one year low of $3.87 and a one year high of $35.50. The stock has a market capitalization of $53.44 million, a P/E ratio of 0.63 and a beta of 2.50. The company has a 50 day moving average price of $23.89 and a two-hundred day moving average price of $23.82. 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.93 EPS for the quarter. Regis had a return on equity of 143.69% and a net margin of 45.49%. The business had revenue of $46.06 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RGS. TCW Group Inc. acquired a new position in Regis during the third quarter worth approximately $9,610,000. Geode Capital Management LLC boosted its holdings in shares of Regis by 39.6% in the 3rd 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 purchased a new stake in shares of Regis during the 3rd quarter valued at $450,000. 31.50% of the stock is currently owned by hedge funds and other 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.