Regis Co. (NYSE:RGS) – Jefferies Financial Group lowered their Q3 2020 earnings per share (EPS) estimates for Regis in a research report issued on Monday, October 7th. Jefferies Financial Group analyst S. Wissink now expects that the company will post earnings per share of $0.20 for the quarter, down from their prior forecast of $0.21. Jefferies Financial Group currently has a “Buy” rating and a $26.00 target price on the stock. Jefferies Financial Group also issued estimates for Regis’ FY2020 earnings at $0.71 EPS, Q1 2021 earnings at ($0.05) EPS, Q2 2021 earnings at $0.09 EPS, Q3 2021 earnings at $0.22 EPS and FY2021 earnings at $0.79 EPS.
A number of other equities research analysts have also commented on RGS. ValuEngine raised Regis from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Regis from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a report on Saturday, August 31st. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $23.00.
Regis (NYSE:RGS) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.52. The company had revenue of $248.19 million for the quarter, compared to analyst estimates of $250.30 million. Regis had a positive return on equity of 14.90% and a negative net margin of 1.33%.
Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new position in shares of Regis during the second quarter worth about $35,000. Quantamental Technologies LLC grew its holdings in shares of Regis by 590.1% during the second quarter. Quantamental Technologies LLC now owns 2,222 shares of the company’s stock worth $37,000 after buying an additional 1,900 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Regis by 213.3% during the second quarter. Bank of Montreal Can now owns 3,525 shares of the company’s stock worth $59,000 after buying an additional 2,400 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Regis in the second quarter valued at approximately $211,000. Finally, Man Group plc bought a new position in Regis in the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 96.04% of the company’s stock.
In other news, CFO Andrew H. Lacko acquired 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was acquired at an average cost of $16.09 per share, for a total transaction of $104,585.00. Following the completion of the acquisition, the chief financial officer now owns 138,020 shares in the company, valued at $2,220,741.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.00% of the stock is currently owned by company insiders.
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.
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