Today Regis Corporation (RGS) Stock Reaches 52-Week High

June 16, 2018 - By Michael Collier

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.14, from 1.2 in 2017Q4. It fall, as 13 investors sold Regis Corporation shares while 38 reduced holdings. 21 funds opened positions while 33 raised stakes. 42.88 million shares or 1.95% less from 43.73 million shares in 2017Q4 were reported.
Moreover, Hennessy Advisors has 0.12% invested in Regis Corporation (NYSE:RGS) for 241,300 shares. Parametric Port owns 134,547 shares for 0% of their portfolio. Plante Moran Fincl Ltd Liability Corp invested in 0% or 150 shares. Principal Fincl Group Incorporated invested in 0% or 268,437 shares. Louisiana State Employees Retirement System invested in 15,500 shares or 0.01% of the stock. The Massachusetts-based State Street has invested 0% in Regis Corporation (NYSE:RGS). Wells Fargo Mn holds 0% in Regis Corporation (NYSE:RGS) or 110,317 shares. Hbk Invests L P owns 30,300 shares. 10,489 are owned by Citigroup. 172,078 were accumulated by Tiaa Cref Investment Mgmt Lc. California Public Employees Retirement reported 0% of its portfolio in Regis Corporation (NYSE:RGS). Blackrock reported 0% stake. Landscape Capital Mngmt Ltd Co has invested 0.08% in Regis Corporation (NYSE:RGS). Arrowstreet Partnership owns 433,011 shares. Parallax Volatility Advisers L P holds 209 shares.

Since February 8, 2018, it had 1 insider purchase, and 0 selling transactions for $77,500 activity.

The stock of Regis Corporation (NYSE:RGS) hit a new 52-week high and has $18.98 target or 7.00 % above today’s $17.74 share price. The 9 months bullish chart indicates low risk for the $818.33M company. The 1-year high was reported on Jun, 16 by Barchart.com. If the $18.98 price target is reached, the company will be worth $57.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.43% or $0.25 during the last trading session, reaching $17.74. About 430,809 shares traded or 133.86% up from the average. Regis Corporation (NYSE:RGS) has risen 88.15% since June 16, 2017 and is uptrending. It has outperformed by 75.58% the S&P500.

Analysts await Regis Corporation (NYSE:RGS) to report earnings on August, 22. They expect $0.03 EPS, down 85.00 % or $0.17 from last year’s $0.2 per share. RGS’s profit will be $1.38M for 147.83 P/E if the $0.03 EPS becomes a reality. After $0.21 actual EPS reported by Regis Corporation for the previous quarter, Wall Street now forecasts -85.71 % negative EPS growth.

Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company has market cap of $818.33 million. The firm operates through four divisions: North American Value, North American Franchise, North American Premium, and International. It currently has negative earnings. The Company’s salons offer haircutting and styling, including shampooing and conditioning; custom styling, cutting, and hair coloring, as well as professional hair care products; and other services.

Regis Corporation (NYSE:RGS) Institutional Positions Chart

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