OneSpaWorld (NASDAQ:OSW) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of OneSpaWorld (NASDAQ:OSW) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.

OSW has been the subject of several other research reports. Stifel Nicolaus decreased their price objective on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. TD Cowen decreased 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 restated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Finally, Truist Financial lifted their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.00.

OneSpaWorld Stock Up 1.0%

Shares of OSW opened at $21.87 on Monday. 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 business has a fifty day moving average of $21.15 and a 200 day moving average of $21.27. The company has a market cap of $2.23 billion, a PE ratio of 31.70 and a beta of 1.03. OneSpaWorld has a 52-week low of $14.21 and a 52-week high of $23.54.

OneSpaWorld (NASDAQ:OSW) last announced its earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). OneSpaWorld had a net margin of 7.45% and a return on equity of 17.07%. The firm had revenue of $242.13 million during the quarter, compared to analysts’ expectations of $243.07 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts expect that OneSpaWorld will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be 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 is Wednesday, March 11th. OneSpaWorld’s dividend payout ratio is presently 28.99%.

Insider Activity at OneSpaWorld

In other OneSpaWorld news, CEO Stephen Lazarus sold 8,569 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $21.12, for a total transaction of $180,977.28. Following the sale, the chief executive officer owned 351,250 shares of the company’s stock, valued at approximately $7,418,400. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter Field Mclallen sold 5,000 shares of OneSpaWorld stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $20.21, for a total value of $101,050.00. Following the completion of the transaction, the director owned 154,882 shares in the company, valued at $3,130,165.22. This represents a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,569 shares of company stock valued at $685,827 over the last ninety days. 3.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new position in OneSpaWorld in the third quarter valued at about $29,000. Brown Brothers Harriman & Co. purchased a new position in shares of OneSpaWorld in the 4th quarter worth approximately $31,000. Arax Advisory Partners grew its position in shares of OneSpaWorld by 428.8% in the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares during the last quarter. First Horizon Corp raised its stake in shares of OneSpaWorld by 120.4% during the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after acquiring an additional 975 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in OneSpaWorld by 325.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after acquiring an additional 1,478 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

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.