OneSpaWorld Holdings Limited (NASDAQ:OSW – Get Free Report) has received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $30.60.
A number of research firms recently commented on OSW. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a research note on Friday, July 31st. Truist Financial upped their price target on shares of OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group increased their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th.
Read Our Latest Analysis on OneSpaWorld
OneSpaWorld Stock Performance
OneSpaWorld (NASDAQ:OSW – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $261.25 million for the quarter, compared to analysts’ expectations of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. As a group, analysts anticipate that OneSpaWorld will post 1.05 EPS for the current year.
OneSpaWorld Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. OneSpaWorld’s dividend payout ratio is currently 25.32%.
Insider Activity at OneSpaWorld
In other news, Director Andrew R. Heyer sold 25,219 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $26.42, for a total value of $666,285.98. Following the completion of the sale, the director directly owned 306,926 shares in the company, valued at $8,108,984.92. This represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the sale, the director owned 137,382 shares of the company’s stock, valued at $3,389,213.94. This trade represents a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 90,500 shares of company stock worth $2,363,762 over the last quarter. Insiders own 3.60% of the company’s stock.
Institutional Trading of OneSpaWorld
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of OneSpaWorld during the 2nd quarter valued at about $278,024,000. Bank of America Corp DE purchased a new position in OneSpaWorld during the second quarter valued at approximately $119,564,000. California State Teachers Retirement System boosted its position in shares of OneSpaWorld by 2,323.6% in the second quarter. California State Teachers Retirement System now owns 3,060,397 shares of the company’s stock worth $86,426,000 after purchasing an additional 2,934,120 shares during the period. Reinhart Partners LLC. bought a new position in shares of OneSpaWorld in the fourth quarter worth approximately $45,358,000. Finally, Neumeier Poma Investment Counsel LLC bought a new position in shares of OneSpaWorld in the second quarter worth approximately $43,462,264. Hedge funds and other institutional investors own 95.98% of the company’s stock.
OneSpaWorld Company Profile
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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