Weight Watchers International Inc. (NYSE:WTW) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.37.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Weight Watchers International from a “sell” rating to a “hold” rating in a research report on Thursday. Vetr lowered shares of Weight Watchers International from a “strong-buy” rating to a “buy” rating and set a $11.83 target price on the stock. in a report on Monday.
A number of institutional investors have recently added to or reduced their stakes in WTW. Acrospire Investment Management LLC boosted its position in Weight Watchers International by 926.1% in the second quarter. Acrospire Investment Management LLC now owns 8,753 shares of the company’s stock worth $102,000 after buying an additional 7,900 shares in the last quarter. Alpine Partners VI LLC bought a new position in Weight Watchers International during the second quarter worth approximately $122,000. Seven Eight Capital LLC boosted its position in Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock worth $139,000 after buying an additional 5,826 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Weight Watchers International by 262.6% in the second quarter. BNP Paribas Arbitrage SA now owns 13,169 shares of the company’s stock worth $153,000 after buying an additional 9,537 shares in the last quarter. Finally, Zacks Investment Management boosted its position in Weight Watchers International by 0.4% in the second quarter. Zacks Investment Management now owns 14,565 shares of the company’s stock worth $169,000 after buying an additional 58 shares in the last quarter. 91.90% of the stock is owned by institutional investors and hedge funds.
Shares of Weight Watchers International (NYSE:WTW) traded down 2.92% during mid-day trading on Thursday, reaching $10.64. 691,736 shares of the company’s stock were exchanged. The firm has a market cap of $679.49 million, a P/E ratio of 22.07 and a beta of 3.17. The company has a 50 day moving average price of $10.50 and a 200 day moving average price of $12.44. Weight Watchers International has a 52-week low of $6.68 and a 52-week high of $28.05.
Weight Watchers International (NYSE:WTW) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $310 million for the quarter, compared to analyst estimates of $318.30 million. Weight Watchers International had a net margin of 2.63% and a negative return on equity of 3.07%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Analysts forecast that Weight Watchers International will post $0.96 earnings per share for the current fiscal year.
About Weight Watchers International
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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