Key Points
- Director Andrew Heyer sold 20,000 shares on Dec. 3 at an average price of $20.19 for proceeds of $403,800, trimming his stake by 3.77% to 509,817 shares (≈$10.29M).
- OneSpaWorld raised its quarterly dividend from $0.04 to $0.05 (annualized $0.20), producing a 1.0% yield and a 28.17% payout ratio.
- Q3 results met expectations with $0.29 EPS and $258.52M revenue (up 7% year-over-year), and analysts maintain a consensus "Buy" rating with a $24.60 target price.
OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) CEO Stephen Lazarus sold 8,569 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total value of $180,977.28. Following the completion of the transaction, the chief executive officer directly owned 351,250 shares in the company, valued at approximately $7,418,400. This represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
OneSpaWorld Trading Up 0.1%
Shares of OSW stock opened at $20.03 on Friday. The business has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $21.02. OneSpaWorld Holdings Limited has a 12-month low of $14.21 and a 12-month high of $23.49. The company has a quick ratio of 1.09, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.04 billion, a P/E ratio of 28.21 and a beta of 1.06.
OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $258.52 million for the quarter, compared to analyst estimates of $258.41 million. OneSpaWorld had a return on equity of 16.38% and a net margin of 7.90%.The company's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. Equities analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current fiscal year.
OneSpaWorld Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 19th. This is an increase from OneSpaWorld's previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. OneSpaWorld's dividend payout ratio (DPR) is 28.17%.
Hedge Funds Weigh In On OneSpaWorld
Hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of OneSpaWorld in the third quarter worth about $29,000. Aquatic Capital Management LLC bought a new position in OneSpaWorld during the 3rd quarter valued at approximately $50,000. Virtus Advisers LLC purchased a new stake in OneSpaWorld in the 1st quarter worth approximately $67,000. CIBC Private Wealth Group LLC purchased a new stake in OneSpaWorld in the 3rd quarter worth approximately $87,000. Finally, Smartleaf Asset Management LLC grew its position in shares of OneSpaWorld by 27.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 6,608 shares of the company's stock worth $109,000 after buying an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Cowen restated a "buy" rating on shares of OneSpaWorld in a report on Friday, October 31st. Northcoast Research set a $28.00 price target on shares of OneSpaWorld and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Wall Street Zen cut OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Sunday, November 30th. TD Cowen lifted their price objective on OneSpaWorld from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, October 31st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of OneSpaWorld in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat.com, OneSpaWorld currently has an average rating of "Buy" and a consensus target price of $24.60.
Check Out Our Latest Stock Analysis on OSW
OneSpaWorld Company Profile
(
Get Free Report)
OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.
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