OneSpaWorld Holdings Limited (NASDAQ:OSW) Receives $30.60 Consensus Price Target from Analysts

OneSpaWorld Holdings Limited (NASDAQ:OSW) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.60.

OSW has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a research report on Friday, July 31st. Stifel Nicolaus upped their target price on OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group raised their price target on OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Truist Financial boosted their price objective on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 30th.

Insider Buying and Selling

In related news, Director Andrew Heyer sold 4,781 shares of the 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 sale, the director owned 302,145 shares in the company, valued at $7,876,920.15. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 60,000 shares of company stock valued at $1,583,927. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OSW. Principal Financial Group Inc. boosted its stake in shares of OneSpaWorld by 814.1% during the first quarter. Principal Financial Group Inc. now owns 539,387 shares of the company’s stock worth $12,379,000 after buying an additional 480,378 shares during the period. Squarepoint Ops LLC purchased a new position in shares of OneSpaWorld during the second quarter worth about $1,554,000. Moran Wealth Management LLC increased its position in OneSpaWorld by 318.4% in the 1st quarter. Moran Wealth Management LLC now owns 180,220 shares of the company’s stock valued at $4,136,000 after acquiring an additional 137,148 shares during the period. Bessemer Group Inc. increased its position in OneSpaWorld by 30.3% in the 1st quarter. Bessemer Group Inc. now owns 1,468,100 shares of the company’s stock valued at $33,692,000 after acquiring an additional 341,632 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in OneSpaWorld during the 1st quarter valued at approximately $1,037,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

OneSpaWorld Trading Down 1.4%

Shares of OneSpaWorld stock opened at $22.26 on Monday. The company has a current ratio of 2.91, a quick ratio of 1.93 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $24.88 and a 200-day simple moving average of $24.57. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 28.18 and a beta of 0.90. OneSpaWorld has a 12-month low of $19.06 and a 12-month high of $29.25.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm had revenue of $261.25 million for the quarter, compared to analyst estimates of $260.93 million. During the same period last year, the business earned $0.19 EPS. OneSpaWorld’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that OneSpaWorld will post 1.05 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. OneSpaWorld’s payout ratio is presently 25.32%.

About OneSpaWorld

OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily to the cruise and resort industries. The company operates spas, salons, fitness centers and wellness facilities, offering services such as massages, facials, beauty treatments, hair and nail care, fitness programs and other personal-care experiences.

Its operations also include medi-spa and wellness services, retail sales of skincare and beauty products, and related programs designed for vacation and leisure environments.