OneSpaWorld Holdings Limited (NASDAQ:OSW) Stock Has Average Price Target of $31.25 According to Brokerages

OneSpaWorld Holdings Limited (NASDAQ:OSW) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $31.25.

Several analysts recently weighed in on OSW shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Stifel Nicolaus lifted their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Truist Financial boosted their target price on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th.

Insiders Place Their Bets

In other news, Director Andrew Heyer sold 4,781 shares of the business’s stock in a transaction that occurred 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 approximately $7,876,920.15. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 60,000 shares of company stock worth $1,583,927 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OSW. BlackRock Inc. purchased a new stake in shares of OneSpaWorld in the 2nd quarter worth about $278,024,000. Bank of America Corp DE acquired a new stake in shares of OneSpaWorld in the second quarter valued at approximately $119,564,000. Reinhart Partners LLC. increased its stake in shares of OneSpaWorld by 2.0% during the 2nd quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company’s stock worth $111,910,000 after purchasing an additional 78,022 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of OneSpaWorld by 25.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,709,623 shares of the company’s stock worth $76,520,000 after purchasing an additional 543,027 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of OneSpaWorld by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,335,346 shares of the company’s stock worth $53,590,000 after purchasing an additional 27,309 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Stock Up 1.2%

Shares of NASDAQ:OSW opened at $23.97 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93. The firm has a market capitalization of $2.43 billion, a PE ratio of 30.34 and a beta of 0.90. The firm’s 50-day moving average is $23.77 and its two-hundred day moving average is $24.80. OneSpaWorld has a 1 year low of $19.06 and a 1 year high of $29.25.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating 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 company had revenue of $261.25 million during the quarter, compared to analysts’ expectations of $260.93 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. Analysts predict that OneSpaWorld will post 1.05 EPS for the current year.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. OneSpaWorld’s dividend payout ratio (DPR) is presently 25.32%.

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.