OneSpaWorld (NASDAQ:OSW) Sets New 12-Month High – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.56 and last traded at $22.96, with a volume of 1200683 shares trading hands. The stock had previously closed at $21.67.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. TD Cowen dropped their target price on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. Finally, Jefferies Financial Group initiated coverage on OneSpaWorld in a report on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $25.83.

OneSpaWorld Stock Up 6.0%

The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 33.28 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.91 and a quick ratio of 1.10. The stock has a fifty day moving average of $21.07 and a two-hundred day moving average of $21.13.

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

OneSpaWorld Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, March 11th. OneSpaWorld’s dividend payout ratio is currently 28.99%.

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors have recently modified their holdings of the company. Ariel Investments LLC raised its stake 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 buying an additional 2,499,851 shares during the last quarter. Reinhart Partners LLC. acquired a new stake in OneSpaWorld during the 4th quarter worth about $45,358,000. American Century Companies Inc. raised its position in shares of OneSpaWorld by 105.5% in the 2nd 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 in the last quarter. First Trust Advisors LP lifted its stake 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 valued at $65,298,000 after purchasing an additional 966,889 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of OneSpaWorld by 3,988.8% during 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 in the last quarter. 95.98% of the stock is owned by institutional investors.

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.