Insider Buying: Daniel Gordon Beltzman Buys 3,174 Shares of Regis Corp. Stock (RGS)
Regis Corp. (NYSE:RGS) Director Daniel Gordon Beltzman acquired 3,174 shares of the stock on the open market in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of $13.20 per share, for a total transaction of $41,896.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Regis Corp. (NYSE:RGS) opened at 13.88 on Wednesday. Regis Corp. has a 52 week low of $11.48 and a 52 week high of $18.74. The stock has a 50-day moving average of $13.37 and a 200-day moving average of $14.0. The company’s market cap is $783.8 million.
Regis Corp. (NYSE:RGS) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.01 earnings per share. Regis Corp.’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Regis Corp. will post $-0.12 EPS for the current fiscal year.
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.
Regis Corporation business is engaged in owning, operating and franchising hair and retail product salons.
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