OneSpaWorld (NASDAQ:OSW) Trading Down 6.7% - What's Next?

Key Points

• OneSpaWorld shares fell 6.7% to approximately $23.16 in mid-day trading, with volume down 51% from the average session.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $30.60; several firms recently raised their targets to as high as $35.
• The company beat quarterly earnings and revenue expectations, reporting $0.29 in EPS and $261.25 million in revenue, while announcing a $0.05 quarterly dividend and benefiting from 8.5% year-over-year revenue growth.

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) was down 6.7% during mid-day trading on Tuesday . The company traded as low as $23.21 and last traded at $23.16. Approximately 474,463 shares were traded during trading, a decline of 51% from the average session volume of 977,166 shares. The stock had previously closed at $24.83.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OSW. Stifel Nicolaus boosted their target price on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Truist Financial upped their price objective on OneSpaWorld from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings reissued a "buy (b)" rating on shares of OneSpaWorld in a report on Friday, July 31st. Jefferies Financial Group boosted their target price on OneSpaWorld from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Finally, Wall Street Zen lowered OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $30.60.

OneSpaWorld Trading Down 10.1%

The firm has a 50-day simple moving average of $26.69 and a 200-day simple moving average of $24.56. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.27 billion, a PE ratio of 28.27 and a beta of 0.91.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company 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 quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Equities analysts forecast that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. OneSpaWorld's payout ratio is presently 25.32%.

Insider Activity

In other news, Director Walter Field Mclallen sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the transaction, the director directly owned 137,382 shares in the company, valued at approximately $3,389,213.94. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew R. Heyer sold 4,781 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $26.07, for a total transaction of $124,640.67. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 90,500 shares of company stock worth $2,363,762. Company insiders own 3.60% of the company's stock.

Institutional Trading of OneSpaWorld

Institutional investors and hedge funds have recently bought and sold shares of the company. Amundi bought a new position in OneSpaWorld in the 2nd quarter valued at $438,000. HighTower Advisors LLC increased its holdings in shares of OneSpaWorld by 6.7% in the second quarter. HighTower Advisors LLC now owns 310,146 shares of the company's stock worth $8,759,000 after purchasing an additional 19,505 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of OneSpaWorld in the second quarter worth $974,000. California State Teachers Retirement System raised its position in shares of OneSpaWorld by 2,323.6% in the second quarter. California State Teachers Retirement System now owns 3,060,397 shares of the company's stock worth $86,426,000 after buying an additional 2,934,120 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in OneSpaWorld during the second quarter valued at $318,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Company Profile

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.

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