OneSpaWorld (NASDAQ:OSW) Price Target Raised to $28.00

OneSpaWorld (NASDAQ:OSW) had its price target increased by investment analysts at Truist Financial from $25.00 to $28.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 16.96% from the company’s current price.

Several other analysts have also recently commented on OSW. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen upgraded shares of OneSpaWorld from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. TD Cowen raised their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group began coverage on shares of OneSpaWorld in a research note on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $28.20.

OneSpaWorld Stock Performance

Shares of OSW stock traded down $0.18 during mid-day trading on Friday, hitting $23.94. The stock had a trading volume of 85,167 shares, compared to its average volume of 1,055,346. OneSpaWorld has a fifty-two week low of $18.19 and a fifty-two week high of $25.75. The firm has a market cap of $2.43 billion, a PE ratio of 31.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.52 and a quick ratio of 1.40. The company’s 50-day simple moving average is $23.38 and its 200-day simple moving average is $21.83.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, April 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The company had revenue of $247.63 million during the quarter, compared to analysts’ expectations of $244.51 million. During the same quarter last year, the business earned $0.15 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Sell-side analysts anticipate that OneSpaWorld will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On OneSpaWorld

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in OneSpaWorld by 395.0% during the first quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock worth $91,511,000 after acquiring an additional 3,181,857 shares during the last quarter. First Trust Advisors LP raised its position in OneSpaWorld by 2.9% during the fourth quarter. First Trust Advisors LP now owns 3,179,211 shares of the company’s stock worth $65,937,000 after acquiring an additional 90,381 shares during the last quarter. American Century Companies Inc. raised its position in OneSpaWorld by 2.7% during the third quarter. American Century Companies Inc. now owns 3,055,737 shares of the company’s stock worth $64,598,000 after acquiring an additional 79,259 shares during the last quarter. Vanguard Group Inc. raised its position in OneSpaWorld by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,017,136 shares of the company’s stock worth $62,575,000 after acquiring an additional 89,191 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in OneSpaWorld by 0.4% during the second quarter. Raymond James Financial Inc. now owns 2,525,357 shares of the company’s stock worth $51,492,000 after acquiring an additional 10,807 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

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.