OneSpaWorld (NASDAQ:OSW) Stock Price Down 6.7% – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price traded down 6.7% on Tuesday . The stock traded as low as $23.21 and last traded at $23.16. Approximately 474,463 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 977,166 shares. The stock had previously closed at $24.83.

Analyst Ratings Changes

Several brokerages have recently commented on OSW. Truist Financial boosted their price objective on OneSpaWorld from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus raised their target price on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a research report on Friday, July 31st. Jefferies Financial Group boosted their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $30.60.

OneSpaWorld Stock Performance

The firm has a market cap of $2.27 billion, a PE ratio of 28.27 and a beta of 0.91. The company has a 50 day simple moving average of $26.69 and a 200-day simple moving average of $24.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.91 and a quick ratio of 1.93.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $261.25 million for the quarter, compared to analysts’ expectations of $260.93 million. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. As a group, equities research analysts anticipate that OneSpaWorld Holdings Limited will post 1.05 EPS for the current year.

OneSpaWorld Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. OneSpaWorld’s dividend payout ratio (DPR) is currently 25.32%.

Insiders Place Their Bets

In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.67, for a total transaction of $259,035.00. Following the completion of the sale, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. This represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 25,219 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $26.42, for a total value of $666,285.98. Following the transaction, the director directly owned 306,926 shares in the company, valued at $8,108,984.92. This trade represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 90,500 shares of company stock worth $2,363,762. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OneSpaWorld

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in OneSpaWorld during the 2nd quarter worth approximately $278,024,000. Bank of America Corp DE bought a new stake in OneSpaWorld in the second quarter valued at approximately $119,564,000. Reinhart Partners LLC. boosted its stake in shares of OneSpaWorld by 2.0% during the second quarter. Reinhart Partners LLC. now owns 3,962,810 shares of the company’s stock valued at $111,910,000 after purchasing an additional 78,022 shares during the period. First Trust Advisors LP boosted its stake in shares of OneSpaWorld by 2.9% during the fourth quarter. First Trust Advisors LP now owns 3,179,211 shares of the company’s stock valued at $65,937,000 after purchasing an additional 90,381 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of OneSpaWorld by 2,323.6% in the second quarter. California State Teachers Retirement System now owns 3,060,397 shares of the company’s stock worth $86,426,000 after purchasing an additional 2,934,120 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

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.