Revlon Target of Unusually High Options Trading (REV)
Revlon, Inc. (NYSE:REV) was the recipient of some unusual options trading on Thursday. Stock investors purchased 2,667 put options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 put options.
Shares of Revlon (NYSE:REV) opened at $22.20 on Friday. Revlon has a 52-week low of $15.60 and a 52-week high of $36.80. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of -3.95.
Revlon (NYSE:REV) last released its earnings results on Friday, November 3rd. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.51). The firm had revenue of $666.50 million for the quarter, compared to the consensus estimate of $604.50 million. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. equities analysts anticipate that Revlon will post -1.11 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on REV. ValuEngine downgraded 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 target price for the company. Finally, BidaskClub downgraded Revlon from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.
In other Revlon news, Director Ronald O. Perelman acquired 419,127 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average price of $18.55 per share, for a total transaction of $7,774,805.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald O. Perelman acquired 280,568 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $18.66 per share, with a total value of $5,235,398.88. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,698,314 shares of company stock valued at $31,129,986. Corporate insiders own 78.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in REV. K.J. Harrison & Partners Inc raised its position in shares of Revlon by 5.4% during the second quarter. K.J. Harrison & Partners Inc now owns 100,300 shares of the company’s stock worth $2,377,000 after acquiring an additional 5,124 shares during the last quarter. Pioneer Investment Management Inc. bought a new stake in shares of Revlon during the second quarter worth $1,186,000. Schwab Charles Investment Management Inc. grew its stake in shares of Revlon by 1.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock worth $1,461,000 after purchasing an additional 745 shares during the period. Rhumbline Advisers grew its stake in shares of Revlon by 2.1% during the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock worth $327,000 after purchasing an additional 280 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Revlon by 90.5% during the second quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock worth $429,000 after purchasing an additional 8,600 shares during the period. Institutional investors own 14.13% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Revlon Target of Unusually High Options Trading (REV)” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/revlon-target-of-unusually-high-options-trading-rev/1679525.html.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.