Insider Selling: Hoy Heise Unloads 8,000 Shares of Elizabeth Arden Stock (RDEN)
Elizabeth Arden (NASDAQ:RDEN) EVP Hoy Heise unloaded 8,000 shares of Elizabeth Arden stock on the open market in a transaction dated Friday, September 20th. The shares were sold at an average price of $35.32, for a total transaction of $282,560.00. Following the completion of the sale, the executive vice president now directly owns 7,852 shares in the company, valued at approximately $277,333. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on RDEN. Analysts at SunTrust upgraded shares of Elizabeth Arden (NASDAQ:RDEN) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $50.00 price target on the stock, up previously from $35.00. They noted that the move was a valuation call. Separately, analysts at B. Riley downgraded shares of Elizabeth Arden (NASDAQ:RDEN) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks downgraded shares of Elizabeth Arden (NASDAQ:RDEN) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, August 13th. They now have a $33.20 price target on the stock.
One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Elizabeth Arden has an average rating of “Hold” and an average target price of $41.60.
Elizabeth Arden (NASDAQ:RDEN) traded up 4.13% on Tuesday, hitting $36.31. The stock had a trading volume of 572,269 shares. Elizabeth Arden has a one year low of $30.37 and a one year high of $49.75. The stock’s 50-day moving average is $35.52 and its 200-day moving average is $41.69. The company has a market cap of $1.075 billion and a price-to-earnings ratio of 26.22.
Elizabeth Arden (NASDAQ:RDEN) last announced its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.23. The company had revenue of $267.60 million for the quarter, compared to the consensus estimate of $289.86 million. During the same quarter last year, the company posted $0.28 earnings per share. Elizabeth Arden’s revenue was up .8% compared to the same quarter last year. Analysts expect that Elizabeth Arden will post $2.18 EPS for the current fiscal year.
Elizabeth Arden, Inc is a beauty products company with a range of portfolio of fragrance, skin care and cosmetics brands.
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