OneSpaWorld (NASDAQ:OSW) Sets New 12-Month High – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares reached a new 52-week high on Wednesday. The company traded as high as $31.19 and last traded at $31.2050, with a volume of 319,509 shares trading hands. The stock had previously closed at $30.04.

Analyst Upgrades and Downgrades

OSW has been the subject of a number of research reports. TD Cowen increased their target price on shares of OneSpaWorld from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a report on Thursday, October 29th. Jefferies Financial Group lifted their price target on shares of OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. 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. Finally, Stifel Nicolaus increased their price objective on OneSpaWorld from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, OneSpaWorld has an average rating of “Moderate Buy” and an average price target of $34.00.

OneSpaWorld Trading Up 1.3%

The firm has a fifty day moving average of $24.12 and a two-hundred day moving average of $24.07. The company has a market cap of $3.16 billion, a PE ratio of 37.06 and a beta of 0.84. The company has a current ratio of 2.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.12.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $276.53 million for the quarter, compared to the consensus estimate of $272.34 million. OneSpaWorld had a net margin of 8.26% and a return on equity of 18.93%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. As a group, sell-side analysts predict that OneSpaWorld Holdings Limited will post 1.09 EPS for the current year.

OneSpaWorld Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 18th. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s dividend payout ratio is currently 29.76%.

Insider Buying and Selling

In related news, Director Andrew Heyer sold 37,219 shares of OneSpaWorld stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $30.45, for a total value of $1,133,318.55. Following the completion of the transaction, the director directly owned 80,000 shares in the company, valued at approximately $2,436,000. The trade was a 31.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 69,000 shares of company stock valued at $2,052,729. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneSpaWorld

Several institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of OneSpaWorld by 87.2% in the third quarter. Signaturefd LLC now owns 1,247 shares of the company’s stock worth $28,000 after purchasing an additional 581 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of OneSpaWorld in the second quarter worth $38,000. Rockefeller Capital Management L.P. boosted its stake in OneSpaWorld by 111.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after buying an additional 1,244 shares during the period. Persistent Asset Partners Ltd bought a new stake in OneSpaWorld during the second quarter valued at $58,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in OneSpaWorld by 80.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company’s stock valued at $62,000 after buying an additional 1,235 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.

Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.