OneSpaWorld Holdings Limited (NASDAQ:OSW) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts remain bullish on OneSpaWorld: Seven analysts give the stock a consensus “Buy” rating, with an average 12-month price target of $30.60.
• OneSpaWorld exceeded quarterly expectations, reporting $0.29 in EPS versus the $0.28 consensus estimate and $261.25 million in revenue, up 8.5% year over year.
• The company declared a quarterly dividend of $0.05 per share, equivalent to an annualized $0.20 payout and a 0.8% yield, while institutional investors own nearly 96% of outstanding shares.

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) have been given a consensus rating of "Buy" by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.60.

Several research firms have weighed in on OSW. Wall Street Zen cut OneSpaWorld from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Stifel Nicolaus upped their target price on OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Truist Financial raised their price target on OneSpaWorld from $28.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of OneSpaWorld in a report on Friday, July 31st. Finally, TD Cowen boosted their price objective 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.

OneSpaWorld Price Performance

Shares of OneSpaWorld stock opened at $26.47 on Thursday. The company's fifty day simple moving average is $26.80 and its two-hundred day simple moving average is $24.49. OneSpaWorld has a 12-month low of $19.06 and a 12-month high of $29.25. The firm has a market cap of $2.69 billion, a PE ratio of 33.51 and a beta of 0.91. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, equities analysts expect that OneSpaWorld will post 1.05 EPS for the current year.

OneSpaWorld Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. OneSpaWorld's dividend payout ratio is presently 25.32%.

Insider Buying and Selling

In other OneSpaWorld 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 owned 137,382 shares in the company, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew R. Heyer sold 25,219 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $26.42, for a total transaction of $666,285.98. Following the transaction, the director directly owned 306,926 shares of the company's stock, valued at $8,108,984.92. This represents a 7.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 90,500 shares of company stock worth $2,363,762 in the last quarter. Company insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of OneSpaWorld during the second quarter valued at $278,024,000. Bank of America Corp DE purchased a new position in shares of OneSpaWorld in the 2nd quarter worth about $119,564,000. California State Teachers Retirement System boosted its stake in OneSpaWorld by 2,323.6% in the 2nd 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 in the last quarter. Reinhart Partners LLC. purchased a new stake in OneSpaWorld during the 4th quarter valued at about $45,358,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new stake in OneSpaWorld during the 2nd quarter valued at about $43,462,264,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source