Daniel Hanrahan, CEO of Regis Corporation, purchased 20,000 shares of Regis Corp (Stock Symbol: RGS) at $12.23 per share for a total amount of $245 thousand on January 29th, 2014.
Regis Corp is based in Edina, Minnesota.
On January 9th 2014, Supercuts, one of the largest and most iconic salon brands in the country, has been ranked the number one haircare franchise in the U.S.for the fifth year in a row, and the fourth best franchise opportunity overall in Entrepreneur magazine’s January 2014 Franchise 500® issue.
On January 27th 2014, Regis Corporation ( RGS ), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, reported results for its fiscal second quarter ended December 31, 2013 versus the prior year as noted below. 2nd quarter sales were $468.4 million, a decrease of 7.5%. Same-store sales declined 6.2%.
Same-store service and product sales declined 5.5% and 9.2%, respectively. GAAP net loss of $110.0 million or ($1.95) per diluted share. Diluted EPS, as adjusted, was ($0.04) compared to $0.03 in the prior year quarter. Same-store sales declines of 6.2% reduced current quarter adjusted earnings approximately $0.13 per share.
According to Capital IQ, Regis has a market cap of $695.9 million, an enterprise value of $650.6 million, and trailing 12 month revenues of $1.94 billion.
Regis Corporation business is engaged in owning, operating and franchising hair and retail product salons. During the fiscal year ended fiscal years June 30, 2012 (fiscal 2012), the Company owned Hair Club. As of June 30, 2012, the Company owned, franchised or held ownership interests in approximately 12,600 worldwide locations. The Company’s locations consisted of 9,738 company-owned and franchise salons, 98 hair restoration centers, and 2,811 locations in which the Company maintains a non-controlling ownership interest of less than 100%. The Company’s hair restoration centers offer three hair restoration solutions: hair systems, hair transplants and hair therapy. On July 1, 2011, the Company acquired 31 franchise salon locations through its acquisition of a 60% ownership interest in Roosters MGC International LLC (Roosters). In October 2012, it sold its ownership interest in Provalliance. In April 2013, the Company sold its interest in Hair Club for Men and Women.
Daniel Hanrahan’s most recent annual compensation from Regis is a salary of $1,864,400, $1,072,660 in other compensation and total compensation is 6,653,210. Mr. Hanrahan is 56 years old.
According to his biography, Mr. Daniel J. Hanrahan is President, Chief Executive Officer, Director of Regis Corp. Prior to joining the Company, he served as President of Celebrity Cruises at Royal Caribbean Cruises Ltd., a global cruise vacation company, since February 2005, and as its President and Chief Executive Officer since September 2007. Mr. Hanrahan served as President and Chief Executive Officer of Azamara Cruises at Royal Caribbean from February 2005 to July 2009. From 1999 until February 2005, Mr. Hanrahan served in a variety of positions with the Royal Caribbean International brand, including Senior Vice President, Sales and Marketing. Mr. Hanrahan has served on the Board of Directors of Cedar Fair, L.P., an amusement-resort operator, since 2012, and is a member of its Audit Committee.
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com .
About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.
Recent Comments