OneSpaWorld (NASDAQ:OSW) Hits New 1-Year High – Time to Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $28.59 and last traded at $28.3850, with a volume of 21116 shares traded. The stock had previously closed at $28.10.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OSW shares. Weiss Ratings upgraded OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Jefferies Financial Group lifted their target price on OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Truist Financial upped their price target on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. TD Cowen increased their price target on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $29.20.

OneSpaWorld Trading Down 1.3%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.52. The stock has a 50-day moving average price of $24.66 and a 200-day moving average price of $22.62. The stock has a market cap of $2.77 billion, a P/E ratio of 36.35 and a beta of 0.92.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The business had revenue of $247.63 million for the quarter, compared to the consensus estimate of $244.51 million. During the same period last year, the firm posted $0.15 earnings per share. OneSpaWorld’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts expect that OneSpaWorld Holdings Limited will post 1.07 EPS for the current year.

OneSpaWorld Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. OneSpaWorld’s dividend payout ratio (DPR) is 26.67%.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.04, for a total value of $520,800.00. Following the completion of the transaction, the director directly owned 489,817 shares in the company, valued at approximately $12,754,834.68. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter Field Mclallen sold 10,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the transaction, the director directly owned 137,382 shares in the company, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

A number of large investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in OneSpaWorld in the third quarter worth approximately $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld in the 4th quarter worth approximately $31,000. Arax Advisory Partners lifted its holdings in shares of OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after acquiring an additional 1,295 shares during the last quarter. First Horizon Corp boosted its stake in shares of OneSpaWorld by 120.4% in the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after purchasing an additional 975 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of OneSpaWorld by 325.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after purchasing an additional 1,478 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

About OneSpaWorld

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.