Revlon Inc (NYSE:REV) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus target price of $21.00 for the company and are forecasting that the company will post ($0.71) earnings per share for the current quarter, according to Zacks. Zacks has also given Revlon an industry rank of 40 out of 256 based on the ratings given to its competitors.

REV has been the topic of several recent research reports. ValuEngine downgraded shares of Revlon from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Jefferies Financial Group restated a “hold” rating on shares of Revlon in a research report on Tuesday, March 5th. Finally, Zacks Investment Research upgraded shares of Revlon from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Friday, March 22nd.

In other Revlon news, Director Ronald O. Perelman purchased 355,000 shares of Revlon stock in a transaction on Thursday, March 21st. The shares were acquired at an average cost of $19.90 per share, for a total transaction of $7,064,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald O. Perelman purchased 20,000 shares of Revlon stock in a transaction on Friday, June 7th. The shares were acquired at an average price of $23.51 per share, for a total transaction of $470,200.00. The disclosure for this purchase can be found here. Insiders have acquired 750,000 shares of company stock worth $15,474,200 over the last quarter. Company insiders own 85.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in Revlon during the first quarter valued at approximately $25,000. BNP Paribas Arbitrage SA grew its position in Revlon by 428.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,924 shares of the company’s stock valued at $37,000 after acquiring an additional 1,560 shares during the last quarter. CenterStar Asset Management LLC bought a new position in Revlon during the first quarter valued at approximately $49,000. Advisory Services Network LLC bought a new position in Revlon during the fourth quarter valued at approximately $131,000. Finally, Bank of America Corp DE grew its position in Revlon by 9.9% during the fourth quarter. Bank of America Corp DE now owns 5,494 shares of the company’s stock valued at $139,000 after acquiring an additional 493 shares during the last quarter. Institutional investors and hedge funds own 13.50% of the company’s stock.

Shares of Revlon stock traded down $0.69 during trading on Friday, hitting $23.20. 518 shares of the company’s stock traded hands, compared to its average volume of 121,018. Revlon has a twelve month low of $14.00 and a twelve month high of $29.62. The firm has a market cap of $1.26 billion, a P/E ratio of -6.37 and a beta of 0.35.

Revlon (NYSE:REV) last issued its earnings results on Thursday, May 9th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.47). The firm had revenue of $553.20 million for the quarter, compared to analyst estimates of $553.60 million. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts predict that Revlon will post -2.76 earnings per share for the current year.

About Revlon

Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.

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