OneSpaWorld (NASDAQ:OSW) Price Target Raised to $27.00 at TD Cowen

OneSpaWorld (NASDAQ:OSW) had its target price hoisted by TD Cowen from $26.00 to $27.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Jefferies Financial Group began coverage on OneSpaWorld in a research note on Tuesday, March 24th. They issued a “buy” rating and a $30.00 target price on the stock. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Stifel Nicolaus dropped their price objective on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $26.33.

OneSpaWorld Stock Performance

Shares of OSW stock opened at $22.25 on Monday. The company has a market capitalization of $2.26 billion, a P/E ratio of 32.25 and a beta of 0.99. OneSpaWorld has a fifty-two week low of $14.21 and a fifty-two week high of $23.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91. The stock has a 50 day moving average price of $21.28 and a two-hundred day moving average price of $21.14.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The firm had revenue of $242.13 million during the quarter, compared to the consensus estimate of $243.07 million. During the same quarter in the prior year, the business posted $0.20 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts expect that OneSpaWorld will post 0.9 earnings per share for the current year.

OneSpaWorld Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, March 11th. OneSpaWorld’s dividend payout ratio (DPR) is currently 28.99%.

Hedge Funds Weigh In On OneSpaWorld

Institutional investors have recently bought and sold shares of the stock. Ariel Investments LLC lifted its holdings in OneSpaWorld by 23.3% in the second quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock worth $269,416,000 after buying an additional 2,499,851 shares during the period. Reinhart Partners LLC. purchased a new position in shares of OneSpaWorld during the 4th quarter worth approximately $45,358,000. First Trust Advisors LP raised its position in shares of OneSpaWorld by 45.6% in the 3rd quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock worth $65,298,000 after acquiring an additional 966,889 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of OneSpaWorld by 3,988.8% in the 3rd quarter. Bessemer Group Inc. now owns 924,726 shares of the company’s stock valued at $19,550,000 after purchasing an additional 902,110 shares during the period. Finally, Aberdeen Group plc purchased a new position in shares of OneSpaWorld in the 4th quarter valued at approximately $17,663,000. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Company Profile

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.