Key Points
- Director Andrew Heyer sold 25,219 OneSpaWorld shares for approximately $666,286, reducing his stake by 7.59% to 306,926 shares.
- OneSpaWorld exceeded quarterly expectations, reporting $0.29 EPS and $261.25 million in revenue, with revenue up 8.5% year over year.
- The company announced a quarterly dividend of $0.05 per share, while analysts maintained a generally positive outlook with an average “Buy” rating and a $30.60 consensus price target.
OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) Director Andrew Heyer sold 4,781 shares of the stock in a transaction 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 transaction, the director owned 302,145 shares of the company's stock, valued at approximately $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.
OneSpaWorld Stock Down 1.6%
Shares of OSW opened at $25.80 on Tuesday. The company's 50-day moving average price is $26.40 and its 200 day moving average price is $23.93. OneSpaWorld Holdings Limited has a 12-month low of $19.06 and a 12-month high of $29.25. 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 firm has a market cap of $2.62 billion, a P/E ratio of 32.66 and a beta of 0.91.
OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.29 earnings per share 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 company had revenue of $261.25 million during the quarter, compared to analyst estimates of $260.93 million. During the same quarter last year, the firm posted $0.19 earnings per share. OneSpaWorld's revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts forecast that OneSpaWorld Holdings Limited will post 1.05 earnings per share for the current year.
OneSpaWorld Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. OneSpaWorld's dividend payout ratio (DPR) is presently 25.32%.
Hedge Funds Weigh In On OneSpaWorld
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lisanti Capital Growth LLC purchased a new stake in shares of OneSpaWorld during the second quarter worth approximately $4,806,000. BlackRock Inc. purchased a new position in OneSpaWorld in the second quarter worth approximately $278,024,000. Deutsche Bank AG acquired a new position in OneSpaWorld during the 2nd quarter worth approximately $2,961,000. Persistent Asset Partners Ltd acquired a new position in OneSpaWorld during the 2nd quarter worth approximately $58,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of OneSpaWorld in the 2nd quarter valued at approximately $38,000. 95.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of OneSpaWorld in a research report on Friday, July 31st. 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 report on Thursday, June 18th. Truist Financial lifted 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. Wall Street Zen lowered OneSpaWorld from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Finally, TD Cowen increased their target price on OneSpaWorld from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $30.60.
Check Out Our Latest Report on OSW
About OneSpaWorld
(
Get Free Report)
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.
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