Legal & General Group Plc grew its position in shares of Weight Watchers International, Inc. (NYSE:WTW) by 97.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,493 shares of the company’s stock after buying an additional 6,652 shares during the quarter. Legal & General Group Plc’s holdings in Weight Watchers International were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in Weight Watchers International by 256.8% during the second quarter. Royal Bank of Canada now owns 35,485 shares of the company’s stock worth $1,186,000 after buying an additional 25,539 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Weight Watchers International during the second quarter worth about $22,572,000. 361 Capital LLC bought a new stake in Weight Watchers International during the third quarter worth about $2,155,000. Alliancebernstein L.P. grew its stake in Weight Watchers International by 163.2% during the second quarter. Alliancebernstein L.P. now owns 59,000 shares of the company’s stock worth $1,972,000 after buying an additional 36,580 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Weight Watchers International by 0.6% during the second quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock worth $79,611,000 after buying an additional 13,425 shares during the last quarter. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
WTW has been the topic of several research analyst reports. ValuEngine cut shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research raised shares of Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, November 21st. B. Riley set a $65.00 price target on shares of Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Craig Hallum reissued a “buy” rating and set a $70.00 price target (up from $50.00) on shares of Weight Watchers International in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.25.
Shares of Weight Watchers International, Inc. (WTW) opened at $46.70 on Friday. Weight Watchers International, Inc. has a 52 week low of $11.05 and a 52 week high of $54.47. The company has a debt-to-equity ratio of -1.74, a quick ratio of 0.88 and a current ratio of 0.96. The company has a market cap of $3,010.00, a P/E ratio of 27.80, a PEG ratio of 1.93 and a beta of 2.95.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Monday, November 6th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.14. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. The business had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $319.40 million. During the same period in the prior year, the firm earned $0.53 earnings per share. Weight Watchers International’s revenue was up 15.3% compared to the same quarter last year. analysts anticipate that Weight Watchers International, Inc. will post 1.59 EPS for the current fiscal year.
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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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