Key Points
- Director Andrew Heyer sold 7,000 shares for $182,770 at an average price of $26.11, reducing his stake by 2.32%; he retained 295,145 shares.
- OneSpaWorld reported quarterly EPS of $0.34, beating the $0.31 consensus, while revenue of $276.53 million also topped estimates and rose 7% year over year.
- The company increased its quarterly dividend from $0.05 to $0.0625 per share. Analysts’ average rating was “Moderate Buy,” with an average price target of $34.
OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) Director Andrew Heyer sold 7,000 shares of OneSpaWorld stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $26.11, for a total transaction of $182,770.00. Following the transaction, the director owned 295,145 shares of the company's stock, valued at approximately $7,706,235.95. The trade was a 2.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
OneSpaWorld Stock Up 4.2%
Shares of NASDAQ OSW opened at $31.29 on Thursday. OneSpaWorld Holdings Limited has a 12-month low of $19.06 and a 12-month high of $31.67. The company has a market capitalization of $3.18 billion, a PE ratio of 37.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.22 and a quick ratio of 1.39. The firm's 50-day moving average is $24.03 and its two-hundred day moving average is $24.02.
OneSpaWorld (NASDAQ:OSW - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $276.53 million for the quarter, compared to analyst estimates of $272.34 million. OneSpaWorld had a net margin of 8.26% and a return on equity of 18.93%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. Equities analysts anticipate that OneSpaWorld Holdings Limited will post 1.09 EPS for the current fiscal year.
OneSpaWorld Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be given a $0.0625 dividend. This is an increase from OneSpaWorld's previous quarterly dividend of $0.05. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 18th. OneSpaWorld's dividend payout ratio (DPR) is currently 23.81%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of OneSpaWorld in a research note on Thursday, October 29th. TD Cowen boosted their target price on shares of OneSpaWorld from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, October 29th. Jefferies Financial Group upped their target price on shares of OneSpaWorld from $36.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, October 28th. Stifel Nicolaus upped their target price on shares of OneSpaWorld from $32.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Finally, 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 note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.00.
Read Our Latest Stock Analysis on OneSpaWorld
Institutional Trading of OneSpaWorld
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. raised its holdings in OneSpaWorld by 80.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,774 shares of the company's stock valued at $62,000 after acquiring an additional 1,235 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of OneSpaWorld by 5.3% during the 3rd quarter. Park Avenue Securities LLC now owns 11,357 shares of the company's stock worth $255,000 after purchasing an additional 567 shares during the period. Signaturefd LLC boosted its holdings in shares of OneSpaWorld by 87.2% during the third quarter. Signaturefd LLC now owns 1,247 shares of the company's stock worth $28,000 after purchasing an additional 581 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of OneSpaWorld by 840.6% during the third quarter. Sterling Capital Management LLC now owns 3,311 shares of the company's stock worth $74,000 after purchasing an additional 2,959 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of OneSpaWorld by 3.0% during the third quarter. Vest Financial LLC now owns 167,418 shares of the company's stock worth $3,765,000 after purchasing an additional 4,948 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.
OneSpaWorld Company Profile
(
Get Free Report)
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.
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