Regis Corporation (RGS) Sets 52-Week High; Strong Momentum for Holders

February 19, 2018 - By Vivian Currie

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.14, from 1.16 in 2017Q2. It dived, as 7 investors sold Regis Corporation shares while 43 reduced holdings. 18 funds opened positions while 33 raised stakes. 44.07 million shares or 0.73% more from 43.75 million shares in 2017Q2 were reported.
Pnc Financial Services Gp has invested 0% in Regis Corporation (NYSE:RGS). Legal & General Group Public Limited Company reported 0% stake. Citigroup holds 0% or 32,091 shares. Royal National Bank Of Canada reported 3,091 shares. Moreover, State Street Corporation has 0% invested in Regis Corporation (NYSE:RGS) for 897,270 shares. Northern Corporation reported 0% stake. Savings Bank Of Montreal Can accumulated 25,960 shares or 0% of the stock. State Of Tennessee Treasury Department reported 31,189 shares. Principal Financial Grp Inc holds 262,479 shares or 0% of its portfolio. Art Ltd Limited Liability Company holds 0.03% of its portfolio in Regis Corporation (NYSE:RGS) for 46,472 shares. Morgan Stanley invested 0% in Regis Corporation (NYSE:RGS). Meeder Asset Mgmt invested in 0% or 434 shares. Credit Suisse Ag reported 69,008 shares stake. Millennium Management Limited Liability Co reported 228,616 shares. Moreover, Aqr Capital Mngmt Limited Liability Company has 0% invested in Regis Corporation (NYSE:RGS).

Since February 8, 2018, it had 1 buying transaction, and 0 sales for $77,500 activity.

The stock of Regis Corporation (NYSE:RGS) hit a new 52-week high and has $17.00 target or 3.00 % above today’s $16.50 share price. The 5 months bullish chart indicates low risk for the $770.53 million company. The 1-year high was reported on Feb, 19 by Barchart.com. If the $17.00 price target is reached, the company will be worth $23.12 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 1.23% or $0.2 during the last trading session, reaching $16.5. About 224,133 shares traded or 43.99% up from the average. Regis Corporation (NYSE:RGS) has declined 23.62% since February 19, 2017 and is downtrending. It has underperformed by 40.32% the S&P500.

Regis Corporation (NYSE:RGS) Ratings Coverage

Among 4 analysts covering Regis Corporation (NYSE:RGS), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Regis Corporation had 7 analyst reports since August 31, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, November 19 by Piper Jaffray. The firm has “Hold” rating given on Wednesday, December 20 by KeyBanc Capital Markets. The firm has “Buy” rating by Jefferies given on Wednesday, November 1. The company was downgraded on Thursday, May 19 by Piper Jaffray. The firm has “Sell” rating by Northcoast given on Monday, August 31. On Friday, October 30 the stock rating was upgraded by Northcoast to “Neutral”.

More notable recent Regis Corporation (NYSE:RGS) news were published by: Businesswire.com which released: “Regis Reports First Quarter 2018 Results” on October 31, 2017, also Businesswire.com with their article: “Regis Corporation Announces Industry Exclusive, Multi-Year Sponsorship Between …” published on January 18, 2018, Bizjournals.com published: “Regis hires Polaris Industries attorney as general counsel” on November 29, 2017. More interesting news about Regis Corporation (NYSE:RGS) were released by: Businesswire.com and their article: “Regis Corporation Appoints Shawn Moren as Chief Human Resources Officer” published on July 24, 2017 as well as Prnewswire.com‘s news article titled: “Regis Corp. Stylists Get Ready to Clip for the Cure on Saturday, October 21, 2017” with publication date: October 11, 2017.

Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company has market cap of $770.53 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.

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