Regis (NASDAQ:RGS) Announces Earnings Results

Key Points

• Regis significantly beat earnings expectations, reporting quarterly EPS of $1.04 versus the $0.17 analyst consensus. Revenue reached $56 million, above expectations of $53 million.
• RGS shares opened at $27.30, with a market capitalization of approximately $68.25 million and a 52-week trading range of $19.31 to $31.50.
• Analyst sentiment is moderately positive, with one Buy and one Hold rating and an average price target of $42.00; institutional investors own 31.5% of the company.

Regis (NASDAQ:RGS - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.87, FiscalAI reports. Regis had a return on equity of 3.60% and a net margin of 52.01%.The firm had revenue of $56.00 million for the quarter, compared to analysts' expectations of $53.00 million.

Regis Price Performance

Shares of RGS stock opened at $27.30 on Tuesday. Regis has a 1 year low of $19.31 and a 1 year high of $31.50. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The firm's 50 day moving average is $27.66 and its 200-day moving average is $26.23. The firm has a market capitalization of $68.25 million, a price-to-earnings ratio of 0.63 and a beta of 1.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RGS. Mink Brook Asset Management LLC boosted its stake in shares of Regis by 653.0% in the 4th quarter. Mink Brook Asset Management LLC now owns 69,011 shares of the company's stock valued at $1,915,000 after purchasing an additional 59,846 shares during the last quarter. DRW Securities LLC bought a new position in Regis in the fourth quarter valued at approximately $247,000. Renaissance Technologies LLC raised its position in shares of Regis by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 13,344 shares of the company's stock valued at $370,000 after acquiring an additional 1,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Regis by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 26,695 shares of the company's stock valued at $741,000 after purchasing an additional 478 shares during the period. Finally, Kent Lake PR LLC acquired a new position in shares of Regis in the 2nd quarter valued at $412,000. Institutional investors and hedge funds own 31.50% of the company's stock.

Analyst Ratings Changes

RGS has been the topic of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Regis in a report on Wednesday, August 26th. Lake Street Capital assumed coverage on Regis in a research report on Tuesday, May 26th. They issued a "buy" rating and a $42.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.00.

About Regis

Regis NASDAQ: RGS is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company's brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.

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