OneSpaWorld (NASDAQ:OSW) Price Target Cut to $24.00 by Analysts at TD Cowen

OneSpaWorld (NASDAQ:OSW) had its price target lowered by TD Cowen from $27.00 to $24.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Cowen restated a “buy” rating on shares of OneSpaWorld in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Northcoast Research set a $28.00 price target on shares of OneSpaWorld and gave the stock a “buy” rating in a report on Tuesday, October 7th. Wall Street Zen downgraded shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Finally, Stifel Nicolaus cut their price objective on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $24.20.

OneSpaWorld Price Performance

OSW stock opened at $19.54 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 27.52 and a beta of 1.04. The company’s fifty day simple moving average is $20.71 and its 200 day simple moving average is $21.37. OneSpaWorld has a 12-month low of $14.21 and a 12-month high of $23.49.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $258.52 million during the quarter, compared to the consensus estimate of $258.41 million. OneSpaWorld had a return on equity of 16.38% and a net margin of 7.90%.The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. On average, analysts expect that OneSpaWorld will post 0.9 earnings per share for the current year.

OneSpaWorld Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, November 19th. OneSpaWorld’s payout ratio is 28.17%.

Insider Transactions at OneSpaWorld

In related news, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the sale, the director owned 509,817 shares in the company, valued at $10,293,205.23. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen Lazarus sold 8,569 shares of OneSpaWorld stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total value of $180,977.28. Following the transaction, the chief executive officer owned 351,250 shares of the company’s stock, valued at $7,418,400. This trade represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,569 shares of company stock valued at $685,827 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Several large investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. grew its stake in shares of OneSpaWorld by 40,623.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 51,311 shares of the company’s stock worth $1,064,000 after acquiring an additional 51,185 shares in the last quarter. Aberdeen Group plc bought a new position in shares of OneSpaWorld during the fourth quarter valued at about $17,663,000. Diversified Trust Co. boosted its holdings in OneSpaWorld by 12.9% during the fourth quarter. Diversified Trust Co. now owns 20,177 shares of the company’s stock worth $418,000 after purchasing an additional 2,300 shares during the last quarter. CIBC Private Wealth Group LLC bought a new stake in OneSpaWorld in the 3rd quarter worth about $87,000. Finally, CIBC Bancorp USA Inc. bought a new stake in OneSpaWorld in the 3rd quarter worth about $214,000. 95.98% of the stock is currently 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.