OneSpaWorld Holdings Limited (NASDAQ:OSW) Stock Has Average Price Target of $31.25

Key Points

• Analysts are broadly bullish on OneSpaWorld: Five of six covering analysts rated the stock a buy, producing a “Moderate Buy” consensus and an average 12-month price target of $31.25.
• OneSpaWorld exceeded quarterly expectations, reporting $0.29 in EPS versus a $0.28 estimate and $261.25 million in revenue, up 8.5% year over year.
• The stock opened at $23.91, while the company declared a quarterly dividend of $0.05, equivalent to an annualized yield of approximately 0.8%; institutional investors own nearly 96% of outstanding shares.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $31.25.

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

OneSpaWorld Price Performance

NASDAQ OSW opened at $23.91 on Friday. OneSpaWorld has a 12 month low of $19.06 and a 12 month high of $29.25. 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 firm has a market capitalization of $2.43 billion, a PE ratio of 30.27 and a beta of 0.90. The company's 50 day simple moving average is $23.90 and its 200 day simple moving average is $24.78.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its 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 for 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 quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. As a group, equities research analysts forecast that OneSpaWorld will post 1.05 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a $0.05 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.8%. OneSpaWorld's payout ratio is 25.32%.

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew Heyer sold 4,781 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $26.07, for a total value of $124,640.67. Following the completion of the sale, the director directly owned 302,145 shares of the company's stock, valued at approximately $7,876,920.15. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 60,000 shares of company stock valued at $1,583,927 in the last quarter. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneSpaWorld

Several hedge funds have recently made changes to their positions in OSW. BlackRock Inc. bought a new stake in shares of OneSpaWorld in the 2nd quarter worth approximately $278,024,000. Bank of America Corp DE acquired a new stake in OneSpaWorld during the second quarter valued at approximately $119,564,000. Reinhart Partners LLC. lifted its stake in OneSpaWorld by 2.0% during the second quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company's stock valued at $111,910,000 after purchasing an additional 78,022 shares during the last quarter. Wellington Management Group LLP lifted its stake in OneSpaWorld by 25.1% during the second quarter. Wellington Management Group LLP now owns 2,709,623 shares of the company's stock valued at $76,520,000 after purchasing an additional 543,027 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in OneSpaWorld by 1.2% during the first 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 in the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

About OneSpaWorld

OneSpaWorld Holdings Limited is a global provider of health, wellness and beauty services. The company operates spas, salons, fitness centers and wellness facilities, offering services such as massages, facials, hair and nail treatments, fitness programs, thermal experiences and related personal-care services.

OneSpaWorld primarily delivers these services onboard cruise ships and at destination resorts. Its operations serve travelers in major cruise and leisure markets around the world, including North America, Europe, the Caribbean, Asia-Pacific and other international destinations.

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.