OneSpaWorld (NASDAQ:OSW) Price Target Raised to $23.00

OneSpaWorld (NASDAQ:OSW) had its price objective boosted by Stifel Nicolaus from $21.00 to $23.00 in a research report released on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. TD Securities decreased their price objective on shares of OneSpaWorld from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Truist Financial decreased their price objective on shares of OneSpaWorld from $22.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Cowen reiterated a “buy” rating on shares of OneSpaWorld in a report on Thursday, May 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $20.75.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $18.50 on Friday. The firm has a 50-day moving average price of $17.54 and a 200-day moving average price of $18.95. The firm has a market capitalization of $1.94 billion, a PE ratio of 26.43 and a beta of 1.36. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. OneSpaWorld has a 12-month low of $14.21 and a 12-month high of $23.01.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, May 21st. OneSpaWorld’s payout ratio is currently 25.00%.

Insider Transactions at OneSpaWorld

In related news, Director Walter Field Mclallen sold 14,189 shares of OneSpaWorld stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $19.35, for a total value of $274,557.15. Following the completion of the sale, the director now directly owns 156,728 shares in the company, valued at $3,032,686.80. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.00% of the company’s stock.

Institutional Trading of OneSpaWorld

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in shares of OneSpaWorld by 24.9% in the 4th quarter. Victory Capital Management Inc. now owns 114,940 shares of the company’s stock valued at $2,287,000 after purchasing an additional 22,935 shares during the period. William Blair Investment Management LLC increased its holdings in OneSpaWorld by 6.1% in the 4th quarter. William Blair Investment Management LLC now owns 1,802,099 shares of the company’s stock worth $35,862,000 after acquiring an additional 103,799 shares in the last quarter. Blair William & Co. IL increased its holdings in OneSpaWorld by 838.3% in the 4th quarter. Blair William & Co. IL now owns 176,074 shares of the company’s stock worth $3,504,000 after acquiring an additional 157,309 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in OneSpaWorld by 25.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 147,140 shares of the company’s stock worth $2,928,000 after acquiring an additional 29,847 shares in the last quarter. Finally, Barclays PLC increased its holdings in OneSpaWorld by 177.8% in the 3rd quarter. Barclays PLC now owns 198,549 shares of the company’s stock worth $3,278,000 after acquiring an additional 127,074 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.