Insider Selling: Steiner Leisure Chairman Unloads 4,000 Shares of Stock (STNR)
Steiner Leisure (NASDAQ:STNR) Chairman Clive Warshaw sold 4,000 shares of Steiner Leisure stock on the open market in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $60.09, for a total transaction of $240,360.00. Following the transaction, the chairman now directly owns 817,726 shares in the company, valued at approximately $49,137,155. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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 (NASDAQ:STNR) traded down 4.44% during mid-day trading on Thursday, hitting $56.515. The stock had a trading volume of 6,716 shares. Steiner Leisure has a 52 week low of $42.74 and a 52 week high of $60.00. The stock has a 50-day moving average of $58.29 and a 200-day moving average of $54.67. The company has a market cap of $827.1 million and a P/E ratio of 17.67.
Steiner Leisure (NASDAQ:STNR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $214.80 million for the quarter, compared to the consensus estimate of $214.30 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Steiner Leisure will post $3.39 EPS for the current fiscal year.
Steiner Leisure Limited (NASDAQ:STNR) is a provider of spa services.
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