OneSpaWorld (NASDAQ:OSW) Sets New 52-Week High – Should You Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares hit 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 changing hands. The stock had previously closed at $30.04.

Analyst Ratings Changes

OSW has been the subject of a number of research reports. TD Cowen lifted their price target on OneSpaWorld from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. 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. Jefferies Financial Group raised their price objective on OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a report on Thursday, October 29th. Finally, Truist Financial upped their target price on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

OneSpaWorld Trading Up 4.9%

The firm has a market cap of $3.20 billion, a PE ratio of 37.67 and a beta of 0.84. The company has a 50-day simple moving average of $23.93 and a 200 day simple moving average of $23.96. 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 issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $276.53 million for the quarter, compared to the consensus estimate of $272.34 million. OneSpaWorld had a return on equity of 18.93% and a net margin of 8.26%. OneSpaWorld’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, sell-side analysts forecast that OneSpaWorld Holdings Limited will post 1.09 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 18th. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s payout ratio is presently 23.81%.

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew Heyer sold 4,781 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.07, for a total transaction of $124,640.67. Following the completion of the transaction, the director directly owned 302,145 shares in the company, valued at approximately $7,876,920.15. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $1,583,927. 3.60% of the stock is currently owned by insiders.

Institutional Trading of OneSpaWorld

Institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. raised its position in shares of OneSpaWorld by 80.2% in 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 last quarter. Park Avenue Securities LLC boosted its position in OneSpaWorld by 5.3% during the third quarter. Park Avenue Securities LLC now owns 11,357 shares of the company’s stock worth $255,000 after acquiring an additional 567 shares during the last quarter. Signaturefd LLC grew its stake in OneSpaWorld by 87.2% during the 3rd quarter. Signaturefd LLC now owns 1,247 shares of the company’s stock valued at $28,000 after acquiring an additional 581 shares in the last quarter. Sterling Capital Management LLC grew its stake in OneSpaWorld by 840.6% during the 3rd quarter. Sterling Capital Management LLC now owns 3,311 shares of the company’s stock valued at $74,000 after acquiring an additional 2,959 shares in the last quarter. Finally, Vest Financial LLC grew its position in shares of OneSpaWorld by 3.0% in the third quarter. Vest Financial LLC now owns 167,418 shares of the company’s stock valued at $3,765,000 after purchasing an additional 4,948 shares in the last quarter. 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.