OneSpaWorld (NASDAQ:OSW) Reaches New 12-Month High – Time to Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.58 and last traded at $23.6040, with a volume of 116755 shares. The stock had previously closed at $22.95.

Analyst Ratings Changes

OSW has been the subject of several recent analyst reports. TD Cowen increased their price target on OneSpaWorld from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial lifted their price objective on OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Zacks Research raised OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Jefferies Financial Group initiated coverage on shares of OneSpaWorld in a report on Tuesday, March 24th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, OneSpaWorld has a consensus rating of “Buy” and a consensus price target of $26.33.

OneSpaWorld Stock Up 3.1%

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 company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 34.30 and a beta of 0.99. The firm has a 50-day moving average price of $21.35 and a two-hundred day moving average price of $21.15.

OneSpaWorld (NASDAQ:OSW) last announced 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 net margin of 7.45% and a return on equity of 17.08%. The firm had revenue of $242.13 million during the quarter, compared to analyst estimates of $243.07 million. During the same period in the prior year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 11th. OneSpaWorld’s payout ratio is currently 28.99%.

Institutional Investors Weigh In On OneSpaWorld

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSW. Aster Capital Management DIFC Ltd acquired a new position in shares of OneSpaWorld during the 3rd quarter worth about $29,000. Brown Brothers Harriman & Co. bought a new stake in OneSpaWorld during the fourth quarter worth about $31,000. Arax Advisory Partners boosted its position in OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after purchasing an additional 1,295 shares during the last quarter. First Horizon Corp boosted its position in OneSpaWorld by 120.4% during the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after purchasing an additional 975 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in OneSpaWorld by 325.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock valued at $40,000 after purchasing an additional 1,478 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.