Shares of Revlon Inc (NYSE:REV) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus price target of $18.00 for the company and are expecting that the company will post ($0.40) EPS for the current quarter, according to Zacks. Zacks has also given Revlon an industry rank of 113 out of 255 based on the ratings given to related companies.
Several equities research analysts have recently commented on REV shares. ValuEngine cut shares of Revlon from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. Zacks Investment Research upgraded shares of Revlon from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price target on shares of Revlon in a research report on Friday, August 10th.
In other news, Director Ronald O. Perelman acquired 75,000 shares of Revlon stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average price of $17.30 per share, with a total value of $1,297,500.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald O. Perelman acquired 138,943 shares of Revlon stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average cost of $16.34 per share, for a total transaction of $2,270,328.62. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 273,943 shares of company stock valued at $4,623,629. 85.00% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new position in Revlon during the 4th quarter worth approximately $130,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Revlon by 122.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,654 shares of the company’s stock worth $137,000 after acquiring an additional 3,666 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Revlon by 104.7% during the 1st quarter. Allianz Asset Management GmbH now owns 13,464 shares of the company’s stock worth $277,000 after acquiring an additional 300,000 shares during the last quarter. Paloma Partners Management Co bought a new position in Revlon during the 2nd quarter worth approximately $295,000. Finally, Russell Investments Group Ltd. bought a new position in Revlon during the 2nd quarter worth approximately $300,000. 14.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:REV opened at $23.10 on Wednesday. Revlon has a one year low of $14.00 and a one year high of $27.90. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of -2.70. The company has a market cap of $1.22 billion, a PE ratio of -11.97 and a beta of 0.38.
Revlon (NYSE:REV) last issued its quarterly earnings results on Thursday, August 9th. The company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.27) by ($1.27). The firm had revenue of $606.80 million for the quarter, compared to the consensus estimate of $637.30 million. equities research analysts forecast that Revlon will post -3.15 earnings per share for the current fiscal year.
Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.
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