OneSpaWorld (NASDAQ:OSW) Reaches New 12-Month High After Strong Earnings

Key Points

• OneSpaWorld Holdings Limited stock reached a new 52-week high of $23.17 during trading, closing at $22.28 after a previous close of $21.75.
• Analysts have a generally positive outlook on the stock, with a consensus rating of "Buy" and target prices ranging from $21.00 to $24.00.
• Institutional investors own nearly 96% of OneSpaWorld's stock, indicating strong confidence in the company's performance.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report)'s stock price hit a new 52-week high on Wednesday following a stronger than expected earnings report. The company traded as high as $23.17 and last traded at $22.28, with a volume of 83585 shares. The stock had previously closed at $21.75.

The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $240.73 million during the quarter, compared to analyst estimates of $238.28 million. OneSpaWorld had a return on equity of 15.98% and a net margin of 7.74%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.20 EPS.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. OneSpaWorld's dividend payout ratio (DPR) is currently 23.53%.

Wall Street Analyst Weigh In

OSW has been the subject of a number of research analyst reports. William Blair restated an "outperform" rating on shares of OneSpaWorld in a report on Wednesday, July 23rd. Stifel Nicolaus increased their price objective on OneSpaWorld from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday. TD Securities cut their price objective on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Cowen reiterated a "buy" rating on shares of OneSpaWorld in a report on Thursday, May 1st. Finally, Truist Financial increased their price objective on OneSpaWorld from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $22.67.

Insider Activity

In related news, Director Walter Field Mclallen sold 2,500 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $19.33, for a total transaction of $48,325.00. Following the completion of the sale, the director directly owned 154,228 shares in the company, valued at approximately $2,981,227.24. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On OneSpaWorld

Several institutional investors have recently bought and sold shares of OSW. Amalgamated Bank grew its position in shares of OneSpaWorld by 22.2% in the first quarter. Amalgamated Bank now owns 3,479 shares of the company's stock valued at $58,000 after purchasing an additional 631 shares during the last quarter. Virtus Advisers LLC acquired a new stake in shares of OneSpaWorld in the first quarter valued at about $67,000. Aquatic Capital Management LLC acquired a new stake in shares of OneSpaWorld in the fourth quarter valued at about $81,000. Smartleaf Asset Management LLC grew its position in shares of OneSpaWorld by 27.9% in the first quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock valued at $109,000 after purchasing an additional 1,443 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of OneSpaWorld by 2,005.8% in the first quarter. GAMMA Investing LLC now owns 8,697 shares of the company's stock valued at $146,000 after purchasing an additional 8,284 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Trading Down 1.5%

The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 32.04 and a beta of 1.38. The company has a 50-day moving average price of $20.45 and a 200-day moving average price of $19.30. The company has a quick ratio of 1.06, a current ratio of 1.73 and a debt-to-equity ratio of 0.17.

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.