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

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

Several other research firms have also recently issued reports on OSW. Jefferies Financial Group initiated coverage on shares of OneSpaWorld in a research report on Tuesday, March 24th. They set a “buy” rating and a $30.00 price objective for the company. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Stifel Nicolaus reduced their price target 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $26.33.

OneSpaWorld Stock Performance

NASDAQ OSW opened at $23.48 on Monday. 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’s fifty day moving average is $21.42 and its two-hundred day moving average is $21.17. The firm has a market capitalization of $2.38 billion, a P/E ratio of 34.03 and a beta of 0.95. OneSpaWorld has a fifty-two week low of $14.21 and a fifty-two week high of $23.70.

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 analysts’ consensus estimates of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The company had revenue of $242.13 million during the quarter, compared to analyst estimates of $243.07 million. During the same period last year, the business earned $0.20 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that OneSpaWorld will post 0.9 earnings per share for the current year.

OneSpaWorld Dividend Announcement

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

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in shares of OneSpaWorld by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 138,938 shares of the company’s stock worth $2,833,000 after acquiring an additional 731 shares during the last quarter. California State Teachers Retirement System raised its position in OneSpaWorld by 0.9% in the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock valued at $1,869,000 after purchasing an additional 849 shares during the period. Blair William & Co. IL raised its position in OneSpaWorld by 0.6% in the third quarter. Blair William & Co. IL now owns 152,277 shares of the company’s stock valued at $3,219,000 after purchasing an additional 924 shares during the period. First Horizon Corp lifted its stake in OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of OneSpaWorld by 111.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after buying an additional 1,244 shares during the period. 95.98% of the stock is owned by hedge funds and other 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.