OneSpaWorld Holdings Limited (NASDAQ:OSW – Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $25.84 and last traded at $25.81, with a volume of 242160 shares trading hands. The stock had previously closed at $24.81.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on OSW. Jefferies Financial Group began coverage on shares of OneSpaWorld in a research note on Tuesday, March 24th. They set a “buy” rating and a $30.00 price target for the company. Truist Financial boosted their price objective on shares of OneSpaWorld from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. TD Cowen raised their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $28.20.
Get Our Latest Stock Report on OSW
OneSpaWorld Price Performance
OneSpaWorld (NASDAQ:OSW – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $247.63 million during the quarter, compared to the consensus estimate of $244.51 million. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. As a group, equities research analysts forecast that OneSpaWorld Holdings Limited will post 1.07 EPS for the current year.
OneSpaWorld Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. OneSpaWorld’s dividend payout ratio (DPR) is 26.67%.
Insider Activity
In other news, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the sale, the director directly owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On OneSpaWorld
A number of institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of OneSpaWorld in the third quarter valued at approximately $29,000. Brown Brothers Harriman & Co. acquired a new position in shares of OneSpaWorld during the 4th quarter worth approximately $31,000. Arax Advisory Partners raised its stake in OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after acquiring an additional 1,295 shares during the period. First Horizon Corp lifted its holdings in OneSpaWorld by 120.4% during the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after purchasing an additional 975 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in OneSpaWorld by 325.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after purchasing an additional 1,478 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.
About OneSpaWorld
OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.
OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.
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