Life Time Group (NYSE:LTH) Price Target Raised to $38.00

Life Time Group (NYSE:LTH) had its price target lifted by Wells Fargo & Company from $37.00 to $38.00 in a research note published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

LTH has been the subject of several other reports. Jefferies Financial Group restated a “buy” rating and set a $41.00 target price on shares of Life Time Group in a research note on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Morgan Stanley raised their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Life Time Group in a report on Thursday, March 12th. Finally, Northland Securities set a $42.00 target price on Life Time Group in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Life Time Group currently has a consensus rating of “Buy” and a consensus target price of $40.40.

Life Time Group Trading Down 1.1%

NYSE LTH opened at $31.85 on Wednesday. The stock has a market cap of $7.09 billion, a P/E ratio of 18.62, a PEG ratio of 1.33 and a beta of 1.50. The company’s fifty day simple moving average is $27.15 and its 200-day simple moving average is $27.11. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. Life Time Group has a 52 week low of $24.14 and a 52 week high of $33.95.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same period last year, the business earned $0.39 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Life Time Group will post 1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John G. Danhakl sold 2,493,083 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $28.60, for a total transaction of $71,302,173.80. Following the transaction, the director owned 22,412,978 shares of the company’s stock, valued at approximately $641,011,170.80. This trade represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stuart G. Lasher sold 50,000 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $32.42, for a total value of $1,621,000.00. Following the completion of the transaction, the director owned 71,058 shares of the company’s stock, valued at $2,303,700.36. This trade represents a 41.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 5,845,093 shares of company stock worth $168,134,812. Company insiders own 13.30% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC lifted its stake in Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after purchasing an additional 420 shares during the last quarter. Harbour Investments Inc. increased its stake in Life Time Group by 8.8% during the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after purchasing an additional 516 shares during the last quarter. Strs Ohio raised its holdings in shares of Life Time Group by 10.0% during the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after purchasing an additional 600 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Life Time Group by 19.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after purchasing an additional 693 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Life Time Group by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after buying an additional 717 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group News Summary

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.