Truist Financial Forecasts Strong Price Appreciation for OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld (NASDAQ:OSW - Free Report) had its target price lifted by Truist Financial from $19.00 to $21.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus upped their target price on shares of OneSpaWorld from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Cowen reaffirmed a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Finally, TD Securities reduced their target price on shares of OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OneSpaWorld currently has a consensus rating of "Buy" and a consensus price target of $21.25.

OneSpaWorld Stock Performance

OSW traded down $0.26 on Monday, reaching $19.35. The company had a trading volume of 433,363 shares, compared to its average volume of 692,769. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.99 billion, a PE ratio of 27.64 and a beta of 1.39. OneSpaWorld has a 1 year low of $14.21 and a 1 year high of $23.01. The stock has a 50-day moving average price of $18.08 and a 200-day moving average price of $18.97.

OneSpaWorld Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.83%. OneSpaWorld's dividend payout ratio (DPR) is 25.00%.

Insider Transactions at OneSpaWorld

In other news, Director Walter Field Mclallen sold 14,189 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $19.35, for a total transaction of $274,557.15. Following the transaction, the director now directly owns 156,728 shares in the company, valued at $3,032,686.80. The trade was a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in OneSpaWorld during the fourth quarter worth about $26,000. Signaturefd LLC grew its position in OneSpaWorld by 139.9% during the fourth quarter. Signaturefd LLC now owns 1,317 shares of the company's stock worth $26,000 after buying an additional 768 shares during the period. Amalgamated Bank grew its position in OneSpaWorld by 22.2% during the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock worth $58,000 after buying an additional 631 shares during the period. Virtus Advisers LLC acquired a new position in OneSpaWorld during the first quarter worth about $67,000. Finally, Aquatic Capital Management LLC acquired a new position in OneSpaWorld during the fourth quarter worth about $81,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

About OneSpaWorld

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.