Revlon, Inc. (REV) Debt Trading 1% Lower
An issue of Revlon, Inc. (NYSE:REV) bonds fell 1% against their face value during trading on Tuesday. The debt issue has a 6.25% coupon and will mature on August 1, 2024. The debt is now trading at $79.00 and was trading at $80.25 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
A number of brokerages have recently weighed in on REV. ValuEngine lowered Revlon from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. Jefferies Group LLC began coverage on Revlon in a research report on Wednesday, September 13th. They set a “hold” rating and a $16.00 price objective for the company. Finally, BidaskClub upgraded Revlon from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th.
Revlon, Inc. (NYSE REV) opened at 18.05 on Thursday. The company has a 50-day moving average price of $17.35 and a 200 day moving average price of $22.13. The stock’s market cap is $949.70 million. Revlon, Inc. has a 52-week low of $15.60 and a 52-week high of $37.96.
Revlon (NYSE:REV) last released its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The company had revenue of $645.70 million for the quarter. On average, analysts expect that Revlon, Inc. will post $1.80 earnings per share for the current year.
In other Revlon news, Director Ronald O. Perelman acquired 150,210 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was bought at an average price of $23.11 per share, for a total transaction of $3,471,353.10. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald O. Perelman acquired 419,127 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $18.55 per share, with a total value of $7,774,805.85. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,049,905 shares of company stock valued at $20,217,558. 78.00% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. acquired a new stake in Revlon in the 2nd quarter valued at about $114,000. The Manufacturers Life Insurance Company raised its holdings in Revlon by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock valued at $261,000 after acquiring an additional 137 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Revlon by 625.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock valued at $292,000 after acquiring an additional 10,637 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Revlon by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock valued at $293,000 after acquiring an additional 296 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Revlon by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 13.99% of the company’s stock.
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Revlon Company Profile
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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