An issue of Revlon, Inc. (NYSE:REV) debt fell 1.5% against its face value during trading on Tuesday. The high-yield 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 $84.00 and were trading at $88.00 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.
Separately, BidaskClub raised Revlon from a “sell” rating to a “hold” rating in a report on Saturday, June 24th.
Revlon, Inc. (REV) traded up 0.87% during midday trading on Friday, reaching $17.45. The company’s stock had a trading volume of 420,828 shares. The stock’s market capitalization is $918.13 million. The firm has a 50-day moving average price of $20.43 and a 200 day moving average price of $24.89. Revlon, Inc. has a 52-week low of $15.60 and a 52-week high of $37.96.
Revlon (NYSE:REV) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. The firm had revenue of $645.70 million for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. Equities research analysts predict that Revlon, Inc. will post $1.80 EPS for the current fiscal year.
In related news, Director Ronald O. Perelman acquired 419,127 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $18.55 per share, with a total value of $7,774,805.85. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald O. Perelman acquired 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of $18.66 per share, for a total transaction of $2,239,200.00. The disclosure for this purchase can be found here. Insiders purchased a total of 2,305,133 shares of company stock worth $46,381,274 over the last ninety days. 78.00% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of REV. K.J. Harrison & Partners Inc raised its stake in shares of Revlon by 5.4% in the second quarter. K.J. Harrison & Partners Inc now owns 100,300 shares of the company’s stock valued at $2,377,000 after buying an additional 5,124 shares during the last quarter. Pioneer Investment Management Inc. acquired a new stake in shares of Revlon during the second quarter valued at about $1,186,000. Schwab Charles Investment Management Inc. raised its stake in shares of Revlon by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock valued at $1,461,000 after buying an additional 745 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Revlon by 2.1% in the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after buying an additional 280 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of 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 buying an additional 8,600 shares during the last quarter. Hedge funds and other institutional investors own 16.27% of the company’s stock.
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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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