Steiner Leisure Chairman Sells $225,840 in Stock (STNR)
Steiner Leisure (NASDAQ:STNR) Chairman Clive Warshaw unloaded 4,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $56.46, for a total transaction of $225,840.00. Following the completion of the transaction, the chairman now directly owns 829,726 shares of the company’s stock, valued at approximately $46,846,330. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Steiner Leisure (NASDAQ:STNR) traded up 1.04% on Thursday, hitting $57.57. 24,907 shares of the company’s stock traded hands. Steiner Leisure has a 52 week low of $42.74 and a 52 week high of $60.12. The stock has a 50-day moving average of $57.3 and a 200-day moving average of $53.48. The company has a market cap of $842.5 million and a price-to-earnings ratio of 17.03.
Steiner Leisure (NASDAQ:STNR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $207.70 million for the quarter, compared to the consensus estimate of $206.00 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Steiner Leisure will post $3.39 earnings per share for the current fiscal year.
Separately, analysts at Stifel Nicolaus raised their price target on shares of Steiner Leisure from $58.00 to $66.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Steiner Leisure Limited (NASDAQ:STNR) is a provider of spa services.
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