Insider Buying: Regis Corp. Director Buys 1,502,507 Shares of Stock (RGS)
Regis Corp. (NYSE:RGS) Director Daniel Gordon Beltzman purchased 1,502,507 shares of the stock on the open market in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $12.16 per share, for a total transaction of $18,270,485.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RGS. Analysts at CL King downgraded shares of Regis Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Zacks upgraded shares of Regis Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $16.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Regis Corp. from a “hold” rating to a “sell” rating in a research note to investors on Friday, November 8th.
Shares of Regis Corp. (NYSE:RGS) traded up 0.08% during mid-day trading on Friday, hitting $12.33. The stock had a trading volume of 1,015,495 shares. Regis Corp. has a 52-week low of $11.48 and a 52-week high of $19.14. The stock’s 50-day moving average is $14.02 and its 200-day moving average is $15.4. The company’s market cap is $695.3 million.
Regis Corp. (NYSE:RGS) last posted its quarterly earnings results on Wednesday, January 29th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.05. The company had revenue of $468.40 million for the quarter, compared to the consensus estimate of $478.81 million. During the same quarter last year, the company posted $0.03 earnings per share. Regis Corp.’s revenue was down 7.5% compared to the same quarter last year.
Regis Corporation business is engaged in owning, operating and franchising hair and retail product salons.
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