Revlon, Inc. (REV) Bond Prices Fall 1%

An issue of Revlon, Inc. (NYSE:REV) bonds fell 1% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 6.25% coupon and will mature on August 1, 2024. The debt is now trading at $79.00 and was trading at $80.25 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

REV has been the topic of several analyst reports. BidaskClub upgraded Revlon from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. ValuEngine lowered Revlon from a “hold” rating to a “sell” rating in a report on Friday. Finally, Jefferies Group LLC initiated coverage on Revlon in a report on Wednesday, September 13th. They set a “hold” rating and a $16.00 target price on the stock.

Revlon, Inc. (REV) traded up 6.56% during mid-day trading on Tuesday, reaching $17.05. The company had a trading volume of 738,958 shares. Revlon, Inc. has a one year low of $15.60 and a one year high of $37.96. The company’s market capitalization is $897.09 million. The stock has a 50 day moving average price of $17.42 and a 200 day moving average price of $22.24.

Revlon (NYSE:REV) last released its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of $645.70 million for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. On average, equities analysts expect that Revlon, Inc. will post $1.80 earnings per share for the current fiscal year.

In other Revlon news, Director Ronald O. Perelman bought 200,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average price of $18.68 per share, for a total transaction of $3,736,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald O. Perelman bought 280,568 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $18.66 per share, for a total transaction of $5,235,398.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,049,905 shares of company stock valued at $20,217,558 in the last quarter. Company insiders own 78.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Revlon by 1,885.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 162,426 shares of the company’s stock worth $3,849,000 after purchasing an additional 154,244 shares during the period. Pioneer Investment Management Inc. bought a new stake in Revlon during the 2nd quarter valued at $1,186,000. Vanguard Group Inc. raised its holdings in Revlon by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,002,936 shares of the company’s stock valued at $23,770,000 after acquiring an additional 39,526 shares during the period. Dimensional Fund Advisors LP raised its holdings in Revlon by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,049,676 shares of the company’s stock valued at $24,878,000 after acquiring an additional 33,969 shares during the period. Finally, OxFORD Asset Management LLP bought a new stake in Revlon during the 2nd quarter valued at $741,000. Hedge funds and other institutional investors own 13.99% 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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