OneSpaWorld (NASDAQ:OSW – Free Report) had its target price boosted by Stifel Nicolaus from $32.00 to $35.00 in a research report released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.
OSW has been the topic of several other reports. Jefferies Financial Group lifted their target price on OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen increased their price target on OneSpaWorld from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial increased their price target on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.00.
Read Our Latest Stock Analysis on OSW
OneSpaWorld Price Performance
OSW stock opened at $30.22 on Thursday. OneSpaWorld has a one year low of $19.06 and a one year high of $30.76. The company’s fifty day moving average price is $23.79 and its 200-day moving average price is $23.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91. The company has a market capitalization of $3.07 billion, a PE ratio of 35.98 and a beta of 0.90.
OneSpaWorld (NASDAQ:OSW – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $276.53 million during the quarter, compared to analysts’ expectations of $272.34 million. OneSpaWorld had a net margin of 8.26% and a return on equity of 19.00%. OneSpaWorld’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. On average, equities analysts anticipate that OneSpaWorld will post 1.06 EPS for the current fiscal year.
OneSpaWorld Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be paid a dividend of $0.0625 per share. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, November 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. OneSpaWorld’s dividend payout ratio (DPR) is presently 23.81%.
Insider Buying and Selling
In related news, Director Andrew Heyer sold 4,781 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $26.07, for a total transaction of $124,640.67. Following the completion of the sale, the director owned 302,145 shares of the company’s stock, valued at $7,876,920.15. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 60,000 shares of company stock worth $1,583,927 over the last three months. Corporate insiders own 3.60% of the company’s stock.
Institutional Investors Weigh In On OneSpaWorld
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of OneSpaWorld during the second quarter worth about $278,024,000. Bank of America Corp DE purchased a new stake in OneSpaWorld in the second quarter valued at approximately $119,564,000. Reinhart Partners LLC. boosted its position in OneSpaWorld by 2.0% in the second quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company’s stock valued at $111,910,000 after buying an additional 78,022 shares during the last quarter. Wellington Management Group LLP increased its holdings in OneSpaWorld by 25.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,709,623 shares of the company’s stock worth $76,520,000 after buying an additional 543,027 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in OneSpaWorld by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,335,346 shares of the company’s stock worth $53,590,000 after buying an additional 27,309 shares during the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.
About OneSpaWorld
OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.
Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.
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