OneSpaWorld Holdings Limited (NASDAQ:OSW) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts maintain a bullish view: OneSpaWorld has a consensus “Buy” rating from seven analysts, with five buys, one strong buy and one hold. The average 12-month price target is $30.60.
• Quarterly results exceeded expectations: The company reported adjusted earnings of $0.29 per share versus the $0.28 consensus estimate, while revenue rose 8.5% year over year to $261.25 million.
• Institutional ownership is substantial: Institutional investors and hedge funds own 95.98% of the stock, while insiders own 3.60%; insiders sold 60,000 shares worth approximately $1.58 million over the past 90 days.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) has been assigned a consensus rating of "Buy" from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $30.60.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of OneSpaWorld from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Weiss Ratings restated a "buy (b)" rating on shares of OneSpaWorld in a research report on Friday, July 31st. Jefferies Financial Group upped their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Finally, Truist Financial increased their price objective on shares of OneSpaWorld from $28.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, July 30th.

Insiders Place Their Bets

In other OneSpaWorld news, Director Andrew Heyer sold 25,219 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $26.42, for a total transaction of $666,285.98. Following the completion of the sale, the director owned 306,926 shares of the company's stock, valued at $8,108,984.92. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 60,000 shares of company stock valued at $1,583,927 in the last ninety days. Corporate insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On OneSpaWorld

Several large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of OneSpaWorld during the 2nd quarter worth $278,024,000. Bank of America Corp DE acquired a new stake in OneSpaWorld in the second quarter valued at $119,564,000. Reinhart Partners LLC. acquired a new stake in OneSpaWorld in the fourth quarter valued at $45,358,000. Neumeier Poma Investment Counsel LLC purchased a new stake in OneSpaWorld during the 2nd quarter worth about $43,462,264. Finally, Nixon Capital LLC acquired a new position in shares of OneSpaWorld during the 2nd quarter worth about $25,168,000. Institutional investors and hedge funds own 95.98% of the company's stock.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $21.87 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93. The stock's 50 day simple moving average is $25.12 and its 200-day simple moving average is $24.54. The company has a market cap of $2.22 billion, a PE ratio of 27.68 and a beta of 0.90. OneSpaWorld has a 1-year low of $19.06 and a 1-year high of $29.25.

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

OneSpaWorld Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. OneSpaWorld's dividend payout ratio is 25.32%.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited NASDAQ: OSW provides health, wellness and beauty services primarily to the cruise and resort industries. The company operates spas, salons, fitness centers and wellness facilities, offering services such as massages, facials, beauty treatments, hair and nail care, fitness programs and other personal-care experiences.

Its operations also include medi-spa and wellness services, retail sales of skincare and beauty products, and related programs designed for vacation and leisure environments.

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