Stifel Nicolaus Forecasts Strong Price Appreciation for OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld (NASDAQ:OSW - Free Report) had its price objective increased by Stifel Nicolaus from $21.00 to $23.00 in a research report report published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities analysts also recently commented on OSW. TD Securities lowered their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Truist Financial dropped their target price on OneSpaWorld from $22.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Cowen reissued a "buy" rating on shares of OneSpaWorld in a research report on Thursday, May 1st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $20.75.

OneSpaWorld Stock Performance

OneSpaWorld stock traded down $0.10 during mid-day trading on Friday, reaching $19.17. 132,857 shares of the stock traded hands, compared to its average volume of 700,205. The business's 50-day moving average is $17.60 and its 200-day moving average is $18.95. OneSpaWorld has a 12-month low of $14.21 and a 12-month high of $23.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The stock has a market capitalization of $2.01 billion, a PE ratio of 27.36 and a beta of 1.36.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.83%. OneSpaWorld's dividend payout ratio is currently 25.00%.

Insider Transactions at OneSpaWorld

In related news, Director Walter Field Mclallen sold 14,189 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $19.35, for a total transaction of $274,557.15. Following the sale, the director now owns 156,728 shares of the company's stock, valued at $3,032,686.80. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.00% of the company's stock.

Institutional Trading of OneSpaWorld

Several hedge funds have recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of OneSpaWorld by 22.2% during the 1st quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after acquiring an additional 631 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in OneSpaWorld by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,511 shares of the company's stock worth $209,000 after purchasing an additional 668 shares during the last quarter. Signaturefd LLC increased its position in shares of OneSpaWorld by 139.9% during the fourth quarter. Signaturefd LLC now owns 1,317 shares of the company's stock worth $26,000 after purchasing an additional 768 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in OneSpaWorld by 7.3% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company's stock worth $201,000 after buying an additional 815 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its stake in shares of OneSpaWorld by 3.8% during the first quarter. Sheets Smith Wealth Management now owns 34,199 shares of the company's stock worth $574,000 after acquiring an additional 1,247 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.