OneSpaWorld Holdings Limited (NASDAQ:OSW) Stock Has Consensus Target Price of $34.00 According to Brokerages

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.00.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Stifel Nicolaus raised their price target on shares of OneSpaWorld from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a research report on Thursday, October 29th. TD Cowen upped their price objective on shares of OneSpaWorld from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Finally, Truist Financial upped their price objective on shares of OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 30th.

Insider Activity

In related news, Director Andrew Heyer sold 37,219 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $30.45, for a total value of $1,133,318.55. Following the completion of the sale, the director owned 80,000 shares of the company’s stock, valued at approximately $2,436,000. This trade represents a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 64,219 shares of company stock valued at $1,928,089 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of OneSpaWorld

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in OneSpaWorld during the third quarter worth about $1,178,000. Benjamin Edwards Inc. raised its stake in OneSpaWorld by 3.3% during the third quarter. Benjamin Edwards Inc. now owns 14,773 shares of the company’s stock worth $332,000 after purchasing an additional 473 shares during the period. First Trust Advisors LP boosted its holdings in OneSpaWorld by 3.1% in the 3rd quarter. First Trust Advisors LP now owns 2,559,031 shares of the company’s stock valued at $57,553,000 after purchasing an additional 76,673 shares during the last quarter. Boston Partners acquired a new position in OneSpaWorld in the 3rd quarter valued at about $29,884,000. Finally, Global Retirement Partners LLC grew its stake in shares of OneSpaWorld by 196.2% in the 3rd quarter. Global Retirement Partners LLC now owns 4,016 shares of the company’s stock valued at $90,000 after buying an additional 2,660 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Price Performance

Shares of NASDAQ:OSW traded up $0.11 during trading on Tuesday, reaching $30.80. The stock had a trading volume of 765,253 shares, compared to its average volume of 1,050,477. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.39 and a current ratio of 2.22. The business has a fifty day moving average price of $25.04 and a 200-day moving average price of $24.42. The stock has a market cap of $3.08 billion, a PE ratio of 36.67 and a beta of 0.84. OneSpaWorld has a 1-year low of $19.06 and a 1-year high of $33.05.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $276.53 million during the quarter, compared to analysts’ expectations of $272.34 million. OneSpaWorld had a return on equity of 18.93% and a net margin of 8.26%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share. On average, equities analysts forecast that OneSpaWorld will post 1.09 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, November 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s payout ratio is presently 23.81%.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited provides spa, wellness, beauty, and fitness services primarily aboard cruise ships and at resort destinations. Its offerings include massage and other spa treatments, salon services, fitness programs, and wellness experiences. The company also sells beauty, skincare, and wellness products through its onboard and resort operations. Its services are delivered through partnerships with cruise lines and hospitality operators, serving travelers across destinations worldwide.