OneSpaWorld Holdings Limited (NASDAQ:OSW) Stock Now Rated “Buy” by Sell-Side Brokerages

OneSpaWorld Holdings Limited (NASDAQ:OSW) has received a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $30.60.

Several research firms have recently commented on OSW. Jefferies Financial Group boosted their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Stifel Nicolaus boosted their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Truist Financial raised their price objective on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 30th.

Insiders Place Their Bets

In other OneSpaWorld news, Director Andrew Heyer sold 25,219 shares of OneSpaWorld stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $26.42, for a total value of $666,285.98. Following the sale, the director owned 306,926 shares of the company’s stock, valued at $8,108,984.92. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 60,000 shares of company stock worth $1,583,927. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OSW. Squarepoint Ops LLC purchased a new position in shares of OneSpaWorld in the second quarter valued at $1,554,000. Amundi purchased a new stake in OneSpaWorld during the second quarter valued at $438,000. HighTower Advisors LLC lifted its position in OneSpaWorld by 6.7% during the second quarter. HighTower Advisors LLC now owns 310,146 shares of the company’s stock valued at $8,759,000 after purchasing an additional 19,505 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in OneSpaWorld during the second quarter valued at $974,000. Finally, AXQ Capital LP purchased a new position in shares of OneSpaWorld in the 2nd quarter worth $318,000. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $22.92 on Monday. The company has a quick ratio of 1.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.14. OneSpaWorld has a twelve month low of $19.06 and a twelve month high of $29.25. The business has a 50-day moving average price of $24.73 and a 200-day moving average price of $24.61. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 29.01 and a beta of 0.90.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. OneSpaWorld had a return on equity of 18.36% and a net margin of 8.02%.The company had revenue of $261.25 million for the quarter, compared to the consensus estimate of $260.93 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts predict that OneSpaWorld will post 1.05 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. OneSpaWorld’s dividend payout ratio is presently 25.32%.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily to the cruise and resort industries. The company operates spas, salons, fitness centers and wellness facilities, offering services such as massages, facials, beauty treatments, hair and nail care, fitness programs and other personal-care experiences.

Its operations also include medi-spa and wellness services, retail sales of skincare and beauty products, and related programs designed for vacation and leisure environments.