Steiner Leisure Chairman Clive Warshaw Sells 4,000 Shares (STNR)
Steiner Leisure (NASDAQ:STNR) Chairman Clive Warshaw unloaded 4,000 shares of Steiner Leisure stock on the open market in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $58.59, for a total value of $234,360.00. Following the sale, the chairman now directly owns 825,726 shares in the company, valued at approximately $48,379,286. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Steiner Leisure (NASDAQ:STNR) traded up 0.91% during mid-day trading on Thursday, hitting $58.86. The stock had a trading volume of 25,427 shares. Steiner Leisure has a 1-year low of $42.74 and a 1-year high of $61.26. The stock’s 50-day moving average is $57.39 and its 200-day moving average is $53.78. The company has a market cap of $861.4 million and a P/E ratio of 17.43.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.