OneSpaWorld (NASDAQ:OSW) Shares Down 6.7% – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW) was down 6.7% on Tuesday . The company traded as low as $23.21 and last traded at $23.16. Approximately 474,463 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 977,166 shares. The stock had previously closed at $24.83.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OSW shares. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Truist Financial raised their price target on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus lifted their price target on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research report on Friday, July 31st. Finally, Jefferies Financial Group increased their price objective on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $30.60.

OneSpaWorld Trading Down 2.3%

The firm has a market capitalization of $2.17 billion, a P/E ratio of 27.21 and a beta of 0.90. The business’s 50 day moving average is $26.46 and its two-hundred day moving average is $24.55. 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 (NASDAQ:OSW) last announced its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $261.25 million during the quarter, compared to analyst estimates of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. OneSpaWorld’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. Analysts expect that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Announces Dividend

The business also recently disclosed 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 19th. OneSpaWorld’s dividend payout ratio (DPR) is currently 25.32%.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 4,781 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $26.07, for a total value of $124,640.67. Following the completion of the sale, the director directly owned 302,145 shares in the company, valued at $7,876,920.15. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,389,213.94. This trade represents a 7.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 90,500 shares of company stock worth $2,363,762. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneSpaWorld

A number of hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of OneSpaWorld during the fourth quarter worth $31,000. Arax Advisory Partners grew its holdings in shares of OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after buying an additional 1,295 shares in the last quarter. Global Retirement Partners LLC purchased a new position in OneSpaWorld during the 2nd quarter valued at about $38,000. Farther Finance Advisors LLC increased its stake in OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after buying an additional 1,478 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of OneSpaWorld by 111.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after acquiring an additional 1,244 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

About OneSpaWorld

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.