An issue of Revlon, Inc. (NYSE:REV) debt fell 1.3% as a percentage of its face value during trading on Wednesday. The debt issue has a 5.75% coupon and is set to mature on February 15, 2021. The bonds in the issue are now trading at $77.00. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.

A number of research firms have recently weighed in on REV. Jefferies Group began coverage on Revlon in a research note on Wednesday, September 13th. They set a “hold” rating and a $16.00 price target for the company. ValuEngine downgraded Revlon from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. Finally, Zacks Investment Research downgraded Revlon from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. Revlon has an average rating of “Sell” and a consensus price target of $16.00.

Shares of Revlon, Inc. (NYSE:REV) opened at $22.10 on Thursday. Revlon, Inc. has a one year low of $15.60 and a one year high of $36.80. The company has a current ratio of 1.25, a quick ratio of 0.67 and a debt-to-equity ratio of -3.78.

Revlon (NYSE:REV) last posted its quarterly earnings results on Friday, November 3rd. The company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.51). Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. The firm had revenue of $666.50 million for the quarter, compared to analysts’ expectations of $604.50 million. sell-side analysts anticipate that Revlon, Inc. will post -1.96 earnings per share for the current fiscal year.

In related news, Director Ronald O. Perelman acquired 47,355 shares of the stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $22.43 per share, with a total value of $1,062,172.65. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald O. Perelman acquired 106,784 shares of the stock in a transaction dated Tuesday, September 26th. The shares were bought at an average cost of $20.56 per share, for a total transaction of $2,195,479.04. The disclosure for this purchase can be found here. In the last three months, insiders have bought 845,974 shares of company stock worth $15,445,954. 78.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REV. Advisor Group Inc. bought a new stake in shares of Revlon in the 2nd quarter worth approximately $114,000. The Manufacturers Life Insurance Company lifted its position in shares of Revlon by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock worth $261,000 after acquiring an additional 137 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Revlon by 625.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock worth $292,000 after acquiring an additional 10,637 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Revlon by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock worth $293,000 after acquiring an additional 296 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Revlon by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock worth $327,000 after acquiring an additional 280 shares during the period. 14.55% of the stock is currently owned by hedge funds and other institutional investors.

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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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