An issue of Revlon, Inc. (NYSE:REV) bonds fell 1.5% against their face value during trading on Thursday. The high-yield debt issue has a 6.25% coupon and is set to mature on August 1, 2024. The bonds in the issue are now trading at $60.75 and were trading at $63.00 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Revlon from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. ValuEngine cut shares of Revlon from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. Finally, Jefferies Group assumed coverage on shares of Revlon in a research note on Wednesday, September 13th. They set a “hold” rating and a $16.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Revlon has an average rating of “Sell” and an average price target of $16.00.

Shares of Revlon, Inc. (NYSE:REV) traded up $0.85 during trading on Friday, reaching $23.10. 190,481 shares of the company’s stock traded hands, compared to its average volume of 89,221. 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, Inc. has a 1 year low of $15.60 and a 1 year high of $36.80.

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

In related news, Director Ronald O. Perelman purchased 625,151 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were acquired at an average cost of $17.36 per share, with a total value of $10,852,621.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald O. Perelman purchased 106,784 shares of the firm’s 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. Insiders have bought 845,974 shares of company stock worth $15,445,954 over the last three months. 78.00% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Mittleman Brothers LLC boosted its stake in Revlon by 1.0% in the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock valued at $54,611,000 after acquiring an additional 22,111 shares during the last quarter. Royal Bank of Canada boosted its stake in Revlon by 270.8% in the second quarter. Royal Bank of Canada now owns 15,401 shares of the company’s stock valued at $365,000 after acquiring an additional 11,247 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Revlon by 90.5% in the second quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock valued at $429,000 after acquiring an additional 8,600 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Revlon in the second quarter valued at approximately $741,000. Finally, Profit Investment Management LLC boosted its stake in Revlon by 170.8% in the third quarter. Profit Investment Management LLC now owns 105,996 shares of the company’s stock valued at $2,602,000 after acquiring an additional 66,848 shares during the last quarter. 14.55% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Revlon (REV) Bonds Trading 1.5% Lower” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/revlon-rev-bonds-trading-1-5-lower/1768146.html.

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.

Receive News & Ratings for Revlon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon and related companies with MarketBeat.com's FREE daily email newsletter.