Stifel Nicolaus Issues Positive Forecast for OneSpaWorld (NASDAQ:OSW) Stock Price

Key Points

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OneSpaWorld (NASDAQ:OSW - Get Free Report) had its price target lifted by stock analysts at Stifel Nicolaus from $23.00 to $25.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 13.48% from the stock's previous close.

OSW has been the topic of several other research reports. William Blair reissued an "outperform" rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. TD Securities dropped their price target on OneSpaWorld from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Cowen reissued a "buy" rating on shares of OneSpaWorld in a research note on Thursday, May 1st. Finally, Truist Financial lifted their price target on OneSpaWorld from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, OneSpaWorld presently has an average rating of "Buy" and an average price target of $22.67.

OneSpaWorld Trading Up 1.1%

OSW stock traded up $0.24 during midday trading on Thursday, hitting $22.03. 34,462 shares of the company's stock were exchanged, compared to its average volume of 801,953. The stock's fifty day moving average price is $20.45 and its 200-day moving average price is $19.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.73. The company has a market cap of $2.26 billion, a PE ratio of 32.39 and a beta of 1.38. OneSpaWorld has a one year low of $14.21 and a one year high of $23.17.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $240.73 million for 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 for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Research analysts predict that OneSpaWorld will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Walter Field Mclallen sold 2,500 shares of OneSpaWorld stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $19.33, for a total value of $48,325.00. Following the sale, the director owned 154,228 shares of the company's stock, valued at approximately $2,981,227.24. The trade was a 1.60% 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. Corporate insiders own 5.00% of the company's stock.

Institutional Trading of OneSpaWorld

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Moran Wealth Management LLC increased its position in shares of OneSpaWorld by 1.5% in the second quarter. Moran Wealth Management LLC now owns 37,045 shares of the company's stock valued at $755,000 after acquiring an additional 543 shares during the last quarter. Amalgamated Bank increased 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 acquiring an additional 631 shares during the last quarter. Sheets Smith Wealth Management increased its position in shares of OneSpaWorld by 1.9% in the second quarter. Sheets Smith Wealth Management now owns 34,846 shares of the company's stock valued at $711,000 after acquiring an additional 647 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of OneSpaWorld by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,511 shares of the company's stock valued at $209,000 after acquiring an additional 668 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in shares of OneSpaWorld by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,945 shares of the company's stock valued at $201,000 after acquiring an additional 815 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company's stock.

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.