Revlon Inc (NYSE:REV) Director Ronald O. Perelman purchased 40,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was acquired at an average price of $17.66 per share, with a total value of $706,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Revlon stock opened at $17.30 on Friday. The company has a debt-to-equity ratio of -2.70, a current ratio of 1.01 and a quick ratio of 0.53. Revlon Inc has a one year low of $14.00 and a one year high of $27.90. The stock has a market capitalization of $921.88 million, a price-to-earnings ratio of -8.96 and a beta of 0.28.

Revlon (NYSE:REV) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($1.27). The firm had revenue of $606.80 million during the quarter, compared to analyst estimates of $637.30 million. equities analysts predict that Revlon Inc will post -1.84 earnings per share for the current year.

A number of equities research analysts have commented on the company. Zacks Investment Research cut Revlon from a “hold” rating to a “strong sell” rating in a research note on Wednesday. ValuEngine cut Revlon from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target on shares of Revlon in a research note on Friday, August 10th.

Several hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Revlon by 122.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,654 shares of the company’s stock valued at $137,000 after purchasing an additional 3,666 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Revlon by 9.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 63,315 shares of the company’s stock worth $1,305,000 after acquiring an additional 5,240 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Revlon during the fourth quarter worth about $130,000. Deutsche Bank AG grew its holdings in Revlon by 114.2% during the fourth quarter. Deutsche Bank AG now owns 26,367 shares of the company’s stock worth $574,000 after acquiring an additional 14,059 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Revlon during the second quarter worth about $295,000. 14.64% of the stock is currently owned by institutional investors and hedge funds.

Revlon Company Profile

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.

See Also: Asset Allocation

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