Regis Co. (NYSE:RGS) Short Interest Up 8.7% in June

Regis Co. (NYSE:RGS) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 3,175,000 shares, a growth of 8.7% from the May 15th total of 2,920,200 shares. Based on an average daily volume of 252,700 shares, the short-interest ratio is currently 12.6 days. Currently, 8.3% of the company’s shares are sold short.

NYSE:RGS traded up $0.39 during trading hours on Friday, hitting $18.38. The stock had a trading volume of 321,075 shares, compared to its average volume of 273,006. The firm has a 50 day moving average price of $17.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.62. Regis has a one year low of $15.06 and a one year high of $22.40. The stock has a market cap of $722.83 million, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 4.54 and a beta of 1.05.

Regis (NYSE:RGS) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.29. Regis had a negative net margin of 0.36% and a positive return on equity of 10.20%. The company had revenue of $258.34 million during the quarter, compared to the consensus estimate of $276.60 million. As a group, sell-side analysts expect that Regis will post 0.91 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, June 28th. Loop Capital assumed coverage on shares of Regis in a research note on Friday, April 5th. They issued a “buy” rating and a $25.00 target price for the company. ValuEngine raised shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. Finally, TheStreet raised shares of White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th.

Several hedge funds have recently modified their holdings of RGS. Rhumbline Advisers raised its holdings in shares of Regis by 19.8% during the fourth quarter. Rhumbline Advisers now owns 101,259 shares of the company’s stock valued at $1,716,000 after buying an additional 16,726 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of Regis during the 4th quarter valued at $214,000. BlackRock Inc. grew its holdings in shares of Regis by 1.1% during the 4th quarter. BlackRock Inc. now owns 5,016,320 shares of the company’s stock valued at $85,026,000 after acquiring an additional 52,387 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Regis by 4.4% during the 4th quarter. Texas Permanent School Fund now owns 21,756 shares of the company’s stock valued at $369,000 after acquiring an additional 911 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Regis by 5.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 46,403 shares of the company’s stock valued at $725,000 after acquiring an additional 2,437 shares in the last quarter. 99.05% of the stock is owned by institutional investors.

Regis Company Profile

Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.

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