Regis (NASDAQ:RGS) Shares Down 0.7% - What's Next?

Key Points

• Regis shares slipped 0.7% on Monday, trading between $27.28 and $27.45 on lighter-than-normal volume.
• Analysts remain mixed but constructive: Lake Street Capital initiated coverage with a buy rating and a $42 price target, while other firms recently issued hold-type ratings. MarketBeat shows an overall consensus of Moderate Buy.
• Regis recently reported better-than-expected EPS of $0.57, though quarterly revenue of $52.41 million fell well short of analyst estimates. The company also has a very small market cap of about $68.6 million and hedge funds own roughly 31.5% of the stock.

Regis Corp (NASDAQ:RGS - Get Free Report) dropped 0.7% on Monday . The company traded as low as $27.28 and last traded at $27.45. 2,111 shares traded hands during trading, a decline of 59% from the average daily volume of 5,206 shares. The stock had previously closed at $27.63.

Analysts Set New Price Targets

Several research firms have issued reports on RGS. Wall Street Zen upgraded Regis to a "hold" rating in a research note on Saturday, April 4th. Weiss Ratings lowered shares of Regis from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, May 29th. Finally, Lake Street Capital began coverage on shares of Regis in a report on Tuesday, May 26th. They issued a "buy" rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.00.

Regis Stock Down 0.7%

The company's fifty day simple moving average is $27.59 and its 200-day simple moving average is $25.47. The firm has a market capitalization of $68.62 million, a PE ratio of 0.63 and a beta of 1.34. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.59 and a quick ratio of 0.57.

Regis (NASDAQ:RGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of ($0.30) by $0.87. The firm had revenue of $52.41 million during the quarter, compared to analyst estimates of $123.65 million. Regis had a return on equity of 3.60% and a net margin of 52.01%.

Institutional Investors Weigh In On Regis

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGS. Mink Brook Asset Management LLC boosted its holdings in Regis by 653.0% in the fourth quarter. Mink Brook Asset Management LLC now owns 69,011 shares of the company's stock worth $1,915,000 after acquiring an additional 59,846 shares in the last quarter. Kent Lake PR LLC acquired a new position in shares of Regis during the second quarter valued at about $412,000. DRW Securities LLC acquired a new position in shares of Regis during the fourth quarter valued at about $247,000. Renaissance Technologies LLC increased its holdings in shares of Regis by 12.7% during the first quarter. Renaissance Technologies LLC now owns 15,044 shares of the company's stock valued at $371,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 last quarter. 31.50% of the stock is currently owned by hedge funds and other institutional investors.

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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