Weight Watchers International Inc (WTW) Raised to “Strong-Buy” at BidaskClub

Weight Watchers International Inc (NYSE:WTW) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine upgraded Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Sidoti cut Weight Watchers International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 30th. Finally, Morgan Stanley boosted their price objective on Weight Watchers International from $13.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Weight Watchers International presently has an average rating of “Hold” and a consensus target price of $20.44.

Shares of Weight Watchers International (NYSE:WTW) opened at 47.98 on Friday. Weight Watchers International has a one year low of $9.37 and a one year high of $48.40. The stock has a market cap of $3.09 billion, a P/E ratio of 30.74 and a beta of 3.06. The firm’s 50-day moving average price is $36.88 and its 200 day moving average price is $23.57.

Weight Watchers International (NYSE:WTW) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.17. The company had revenue of $341.70 million for the quarter, compared to analysts’ expectations of $329.55 million. Weight Watchers International had a negative return on equity of 7.70% and a net margin of 8.52%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Equities research analysts expect that Weight Watchers International will post $1.46 EPS for the current fiscal year.

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In other news, insider Corinne Pollier-Bousquet sold 6,600 shares of Weight Watchers International stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $25.75, for a total transaction of $169,950.00. Following the sale, the insider now directly owns 12,795 shares of the company’s stock, valued at $329,471.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.75% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in WTW. Rhumbline Advisers raised its stake in shares of Weight Watchers International by 0.9% in the second quarter. Rhumbline Advisers now owns 32,595 shares of the company’s stock worth $1,089,000 after buying an additional 302 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Weight Watchers International by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 64,482 shares of the company’s stock worth $1,004,000 after buying an additional 1,000 shares during the last quarter. American International Group Inc. raised its stake in shares of Weight Watchers International by 7.1% in the first quarter. American International Group Inc. now owns 17,080 shares of the company’s stock worth $266,000 after buying an additional 1,127 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Weight Watchers International by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 47,000 shares of the company’s stock worth $538,000 after buying an additional 2,217 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Weight Watchers International by 14.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,115 shares of the company’s stock worth $230,000 after buying an additional 2,475 shares during the last quarter. 85.06% of the stock is currently owned by institutional investors and hedge funds.

Weight Watchers International Company Profile

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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