Piermont Capital Management Inc. lifted its holdings in shares of Weight Watchers (NYSE:WTW) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,920 shares of the company’s stock after buying an additional 740 shares during the period. Piermont Capital Management Inc. owned about 0.05% of Weight Watchers worth $2,161,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of WTW. Public Employees Retirement Association of Colorado purchased a new position in shares of Weight Watchers during the 4th quarter worth approximately $113,000. Envestnet Asset Management Inc. purchased a new position in shares of Weight Watchers during the 1st quarter worth approximately $155,000. Pictet & Cie Europe SA purchased a new position in shares of Weight Watchers during the 1st quarter worth approximately $208,000. BlueCrest Capital Management Ltd purchased a new position in shares of Weight Watchers during the 4th quarter worth approximately $243,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in shares of Weight Watchers during the 1st quarter worth approximately $255,000. 89.55% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on WTW shares. Zacks Investment Research raised Weight Watchers from a “strong sell” rating to a “hold” rating in a research note on Friday, January 26th. Craig Hallum reissued a “buy” rating and set a $80.00 target price (up from $70.00) on shares of Weight Watchers in a research note on Wednesday, February 7th. B. Riley increased their target price on Weight Watchers from $65.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. ValuEngine raised Weight Watchers from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Sidoti raised Weight Watchers from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $91.25.
NYSE WTW opened at $78.95 on Monday. Weight Watchers has a 1-year low of $23.75 and a 1-year high of $83.98. The company has a market capitalization of $5.23 billion, a P/E ratio of 39.47, a PEG ratio of 1.84 and a beta of 3.23. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of -1.70.
Weight Watchers (NYSE:WTW) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. Weight Watchers had a negative return on equity of 12.95% and a net margin of 13.85%. The firm had revenue of $312.50 million during the quarter, compared to the consensus estimate of $309.35 million. equities research analysts expect that Weight Watchers will post 2.86 EPS for the current fiscal year.
In other Weight Watchers news, insider Corinne Pollier-Bousquet sold 12,573 shares of the stock in a transaction on Friday, April 20th. The stock was sold at an average price of $70.00, for a total transaction of $880,110.00. Following the sale, the insider now owns 38,146 shares in the company, valued at approximately $2,670,220. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Oprah Winfrey sold 262,860 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $62.92, for a total value of $16,539,151.20. Following the sale, the director now owns 6,009,283 shares in the company, valued at approximately $378,104,086.36. The disclosure for this sale can be found here. Insiders sold a total of 2,635,135 shares of company stock valued at $160,134,038 over the last ninety days. 12.31% of the stock is currently owned by company insiders.
Weight Watchers Profile
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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