Brokerages Set OneSpaWorld Holdings Limited (NASDAQ:OSW) PT at $28.20

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $28.20.

A number of equities research analysts recently issued reports on OSW shares. TD Cowen increased their target price on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings raised OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Truist Financial raised their price target on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd.

OneSpaWorld Trading Up 1.5%

Shares of OSW opened at $26.76 on Friday. OneSpaWorld has a 1 year low of $19.04 and a 1 year high of $26.84. The company has a current ratio of 2.52, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $22.30. The stock has a market cap of $2.71 billion, a PE ratio of 35.68 and a beta of 0.92.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $247.63 million during the quarter, compared to analysts’ expectations of $244.51 million. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.OneSpaWorld’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. On average, sell-side analysts predict that OneSpaWorld will post 1.07 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 20th. OneSpaWorld’s dividend payout ratio (DPR) is currently 26.67%.

Insider Activity

In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the sale, the director owned 137,382 shares in the company, valued at approximately $3,389,213.94. This trade represents a 7.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $26.04, for a total transaction of $520,800.00. Following the completion of the sale, the director owned 489,817 shares of the company’s stock, valued at $12,754,834.68. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On OneSpaWorld

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSW. Aster Capital Management DIFC Ltd bought a new stake in shares of OneSpaWorld during the third quarter worth $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld during the fourth quarter worth $31,000. Arax Advisory Partners raised its position in shares of OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after acquiring an additional 1,295 shares during the last quarter. First Horizon Corp raised its position in shares of OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after acquiring an additional 975 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of OneSpaWorld by 325.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after acquiring an additional 1,478 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.