OneSpaWorld Holdings Limited (NASDAQ:OSW) Stock Has Average Target Price of $34.00 According to Brokerages

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.00.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on OneSpaWorld from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. TD Cowen boosted their target price on shares of OneSpaWorld from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Stifel Nicolaus raised their price target on shares of OneSpaWorld from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a research note on Thursday, October 29th. Finally, Truist Financial lifted their price objective on shares of OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, July 30th.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $30.69 on Tuesday. The firm’s 50 day simple moving average is $24.87 and its 200 day simple moving average is $24.37. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 36.54 and a beta of 0.84. OneSpaWorld has a 1 year low of $19.06 and a 1 year high of $33.05. The company has a current ratio of 2.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.12.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, October 28th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $276.53 million for the quarter, compared to analysts’ expectations of $272.34 million. OneSpaWorld had a net margin of 8.26% and a return on equity of 18.93%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, research analysts expect that OneSpaWorld will post 1.09 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 18th. This is an increase from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s dividend payout ratio (DPR) is 23.81%.

Insider Buying and Selling

In other OneSpaWorld news, Director Andrew Heyer sold 37,219 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $30.45, for a total transaction of $1,133,318.55. Following the completion of the transaction, the director directly owned 80,000 shares of the company’s stock, valued at approximately $2,436,000. This represents a 31.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 64,219 shares of company stock valued at $1,928,089 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of OneSpaWorld by 87.2% in the third quarter. Signaturefd LLC now owns 1,247 shares of the company’s stock valued at $28,000 after purchasing an additional 581 shares during the period. Global Retirement Partners LLC purchased a new position in shares of OneSpaWorld during the second quarter worth about $38,000. Hantz Financial Services Inc. increased its position in shares of OneSpaWorld by 29.8% in the third quarter. Hantz Financial Services Inc. now owns 1,402 shares of the company’s stock worth $32,000 after purchasing an additional 322 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of OneSpaWorld in the 2nd quarter worth $58,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of OneSpaWorld by 111.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after buying an additional 1,244 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Limited provides spa, wellness, beauty, and fitness services primarily aboard cruise ships and at resort destinations. Its offerings include massage and other spa treatments, salon services, fitness programs, and wellness experiences. The company also sells beauty, skincare, and wellness products through its onboard and resort operations. Its services are delivered through partnerships with cruise lines and hospitality operators, serving travelers across destinations worldwide.