Regis Corp. Director Buys $1,704,158 in Stock (RGS)
Regis Corp. (NYSE:RGS) Director Daniel Gordon Beltzman acquired 129,397 shares of the stock on the open market in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $13.17 per share, with a total value of $1,704,158.49. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Zacks reiterated an “underperform” rating on shares of Regis Corp. in a research note on Friday, May 2nd. They now have a $12.00 price target on the stock.
Shares of Regis Corp. (NYSE:RGS) traded down 1.05% during mid-day trading on Thursday, hitting $13.19. The stock had a trading volume of 475,760 shares. Regis Corp. has a 1-year low of $11.48 and a 1-year high of $18.89. The stock’s 50-day moving average is $13.46 and its 200-day moving average is $14.15. The company’s market cap is $744.9 million.
Regis Corp. (NYSE:RGS) last announced its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.09. The company had revenue of $471.60 million for the quarter, compared to the consensus estimate of $468.06 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts predict that Regis Corp. will post $-0.12 earnings per share for the current fiscal year.
Regis Corporation business is engaged in owning, operating and franchising hair and retail product salons.
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