OneSpaWorld (NASDAQ:OSW) Hits New 1-Year High – Here’s What Happened

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) hit a new 52-week high on Tuesday . The stock traded as high as $24.97 and last traded at $24.94, with a volume of 684050 shares. The stock had previously closed at $24.37.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial upped their target price on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Jefferies Financial Group assumed coverage on OneSpaWorld in a research report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 target price on the stock. Zacks Research raised OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Finally, Stifel Nicolaus dropped their target price on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.33.

OneSpaWorld Stock Performance

The company has a market cap of $2.53 billion, a P/E ratio of 36.15 and a beta of 0.95. The firm has a 50 day moving average price of $22.09 and a 200-day moving average price of $21.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $242.13 million for the quarter, compared to the consensus estimate of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. On average, research analysts predict that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 11th. OneSpaWorld’s dividend payout ratio (DPR) is currently 28.99%.

Institutional Investors Weigh In On OneSpaWorld

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of OneSpaWorld in the third quarter valued at about $29,000. Brown Brothers Harriman & Co. acquired a new stake in OneSpaWorld in the 4th quarter valued at approximately $31,000. Arax Advisory Partners grew its holdings in OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after buying an additional 1,295 shares during the last quarter. First Horizon Corp grew its holdings in OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after buying an additional 975 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after buying an additional 1,478 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

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.