Regis (NASDAQ:RGS) Stock Price Up 2% - What's Next?

Key Points

• Regis shares rose 2% to $27.55 in mid-day trading, although volume was 32% below the average session level.
• Analyst sentiment remains cautiously positive: the stock has a consensus rating of “Moderate Buy” and a $42 target price, while Weiss Ratings reiterated a “Hold” rating.
• Regis reported quarterly EPS of $1.04, significantly exceeding the $0.17 estimate, while revenue of $56 million also topped the $53 million consensus forecast.

Regis Corp (NASDAQ:RGS - Get Free Report) shot up 2% during mid-day trading on Wednesday . The stock traded as high as $28.23 and last traded at $27.55. Approximately 6,222 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 9,193 shares. The stock had previously closed at $27.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Regis in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.00.

Regis Stock Up 2.0%

The stock has a 50-day moving average of $27.81 and a 200 day moving average of $26.88. The company has a market capitalization of $68.88 million, a PE ratio of 11.38 and a beta of 1.42. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.59.

Regis (NASDAQ:RGS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.87. The firm had revenue of $56.00 million during the quarter, compared to the consensus estimate of $53.00 million. Regis had a return on equity of 4.10% and a net margin of 3.09%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Regis stock. Renaissance Technologies LLC lifted its stake in shares of Regis Corp (NASDAQ:RGS - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,044 shares of the company's stock after purchasing an additional 1,700 shares during the period. Renaissance Technologies LLC owned 0.60% of Regis worth $371,000 at the end of the most recent quarter. 31.50% of the stock is owned by institutional investors.

Regis Company Profile

Regis Corporation NASDAQ: RGS is a hair salon franchising and support company. It provides franchisees with branding, salon concepts, operating systems, marketing, training and other business support services, while franchise owners operate most locations.

The company's portfolio has included well-known salon brands such as Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters and Roosters Men's Grooming Center. Its salons offer haircutting, styling, coloring and other hair-care services, with SmartStyle locations primarily operating in Walmart stores.

Founded in 1922, Regis historically operated a large network of company-owned salons before shifting toward an asset-light, primarily franchised business model.

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