Regis (NYSE:RGS) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of Regis (NYSE:RGS) from a hold rating to a sell rating in a report issued on Thursday.

Regis Stock Performance

Shares of RGS opened at $24.41 on Thursday. Regis has a 1 year low of $3.87 and a 1 year high of $35.50. The company’s 50 day simple moving average is $24.05 and its 200 day simple moving average is $23.89. The company has a market capitalization of $55.70 million, a price-to-earnings ratio of 0.66 and a beta of 2.48. 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 issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.93 earnings per share for the quarter. Regis had a return on equity of 143.69% and a net margin of 45.49%. The company had revenue of $46.06 million during the quarter.

Hedge Funds Weigh In On Regis

Large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in shares of Regis during the 3rd quarter valued at about $450,000. Geode Capital Management LLC grew its holdings in Regis by 39.6% in the third 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 period. Finally, TCW Group Inc. grew its holdings in Regis by 12.9% in the fourth quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock valued at $9,355,000 after purchasing an additional 45,060 shares during the period. 31.50% of the stock is currently owned by hedge funds and other institutional investors.

About Regis

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.