OneSpaWorld (NASDAQ:OSW) Sets New 52-Week High After Dividend Announcement

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) hit a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as $23.38 and last traded at $23.3110, with a volume of 161536 shares. The stock had previously closed at $21.94.

The newly announced dividend which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. This is a boost from OneSpaWorld’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, November 19th. OneSpaWorld’s dividend payout ratio (DPR) is 23.53%.

Analysts Set New Price Targets

A number of equities research analysts have commented on OSW shares. Weiss Ratings reiterated a “buy (b)” rating on shares of OneSpaWorld in a research note on Wednesday, October 8th. William Blair reiterated an “outperform” rating on shares of OneSpaWorld in a research note on Wednesday, July 23rd. Stifel Nicolaus increased their price target on OneSpaWorld from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Northcoast Research set a $28.00 price target on OneSpaWorld and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $24.00.

OneSpaWorld Stock Up 6.3%

The business has a fifty day moving average price of $21.60 and a two-hundred day moving average price of $20.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.19. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 32.85 and a beta of 1.29.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $258.52 million for the quarter, compared to analyst estimates of $258.41 million. OneSpaWorld had a return on equity of 16.45% and a net margin of 7.90%.The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. OneSpaWorld has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

Insider Transactions at OneSpaWorld

In other news, Director Glenn Fusfield sold 23,116 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $21.57, for a total value of $498,612.12. Following the transaction, the director directly owned 151,799 shares of the company’s stock, valued at approximately $3,274,304.43. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew R. Heyer sold 31,289 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $21.59, for a total value of $675,529.51. Following the completion of the transaction, the director directly owned 332,145 shares in the company, valued at $7,171,010.55. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 235,763 shares of company stock worth $5,202,595 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of OneSpaWorld

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ariel Investments LLC grew its holdings in OneSpaWorld by 23.3% during the second quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock worth $269,416,000 after acquiring an additional 2,499,851 shares during the period. Channing Capital Management LLC grew its holdings in OneSpaWorld by 14.7% during the first quarter. Channing Capital Management LLC now owns 3,251,124 shares of the company’s stock worth $54,586,000 after acquiring an additional 416,609 shares during the period. Vanguard Group Inc. grew its holdings in OneSpaWorld by 9.3% during the first quarter. Vanguard Group Inc. now owns 2,982,065 shares of the company’s stock worth $50,069,000 after acquiring an additional 253,112 shares during the period. American Century Companies Inc. grew its holdings in OneSpaWorld by 105.5% during the second quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock worth $60,690,000 after acquiring an additional 1,528,210 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in OneSpaWorld by 2,326.2% during the first quarter. Victory Capital Management Inc. now owns 2,788,705 shares of the company’s stock worth $46,822,000 after acquiring an additional 2,673,765 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Company Profile

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.