In yesterday’s Wall Street session, Regis Corporation (NYSE:RGS) shares traded at $1.00, down -3.85% from the previous session.
As we calculate the median target price by taking the range between a high of $2.00 and a low of $2.00, we find $2.00. Given the previous closing price of $1.04, this indicates a potential upside of 92.31 percent. RGS stock price is now -31.59% away from the 50-day moving average and -15.03% away from the 200-day moving average. The market capitalization of the company currently stands at $44.36M.
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Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
On January 22, 2021, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $10, while ‘Loop Capital’ rates the stock as ‘Hold’.
Insiders disposed of 17,350 shares of company stock worth roughly $17350.0 over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RGS stock. A new stake in Regis Corporation shares was purchased by INSPIRE DEVELOPERS LLC during the first quarter worth $3,769,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $145,000 in shares of RGS during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in Regis Corporation valued at approximately $137,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in RGS for approximately $91,000. VIRTU FINANCIAL LLC purchased a new stake in RGS valued at around $36,000 in the second quarter. In total, there are 60 active investors with 38.50% ownership of the company’s stock.
On Thursday morning Regis Corporation (NYSE: RGS) stock kicked off with the opening price of $1.0500. During the past 12 months, Regis Corporation has had a low of $0.50 and a high of $2.34. The fifty day moving average price for RGS is $1.4618 and a two-hundred day moving average price translates $1.1768 for the stock.
The latest earnings results from Regis Corporation (NYSE: RGS) was released for Dec, 2022. According to the Personal Services Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.12 by 0.06. This compares to -$0.02 EPS in the same period last year. The company reported revenue of $59.97 million for the quarter, compared to $69.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.43 percent. For the current quarter, analysts expect RGS to generate $75.5M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/19/2013. Investors who held shares on 11/05/2013 were paid a $0.06 dividend.
Regis Corporation(RGS) Company Profile
Regis Corporation owns, operates, and franchises hairstyling and hair care salons in the United States, Canada, Puerto Rico, and the United Kingdom. The company operates in two segments, Franchise Salons and Company-Owned Salons. Its salons provide haircutting and styling, including shampooing and conditioning; hair coloring; and other services, as well as sells various hair care and other beauty products. The company also offers mobile applications; and operates accredited cosmetology schools. Regis Corporation operates its salons primarily under the SmartStyle, Supercuts, Cost Cutters, Roosters, First Choice Haircutters, and Magicuts concepts names. As of June 30, 2022, the company operated 5,576 salons, such as 5,395 franchised salons, 105 company-owned salons, and 76 non-controlling ownership salons. Regis Corporation was founded in 1922 and is headquartered in Minneapolis, Minnesota.
