OneSpaWorld (NASDAQ:OSW) Sets New 1-Year High – Here’s What Happened

OneSpaWorld Holdings Limited (NASDAQ:OSW) reached a new 52-week high on Wednesday. The company traded as high as $31.19 and last traded at $31.2050, with a volume of 319,509 shares traded. The stock had previously closed at $30.04.

Analyst Ratings Changes

A number of analysts have issued reports on OSW shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OneSpaWorld in a research note on Thursday, October 29th. Truist Financial boosted their price target on shares of OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group upped their price objective on shares of OneSpaWorld from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Stifel Nicolaus upped their price objective on shares of OneSpaWorld from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, TD Cowen raised their price objective on shares of OneSpaWorld from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

OneSpaWorld Stock Up 4.9%

The company has a market capitalization of $3.20 billion, a PE ratio of 37.67 and a beta of 0.84. The company has a quick ratio of 1.39, a current ratio of 2.22 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $23.93 and a two-hundred day moving average of $23.96.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, October 28th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. OneSpaWorld had a return on equity of 18.93% and a net margin of 8.26%. The company had revenue of $276.53 million for the quarter, compared to the consensus estimate of $272.34 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts predict that OneSpaWorld Holdings Limited will post 1.09 earnings per share for the current fiscal year.

OneSpaWorld Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 18th. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.05. OneSpaWorld’s dividend payout ratio is 23.81%.

Insider Activity

In related news, Director Andrew Heyer sold 4,781 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $26.07, for a total value of $124,640.67. Following the sale, the director directly owned 302,145 shares in the company, valued at approximately $7,876,920.15. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 60,000 shares of company stock worth $1,583,927. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneSpaWorld

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of OneSpaWorld in the 2nd quarter valued at approximately $278,024,000. Bank of America Corp DE acquired a new position in shares of OneSpaWorld in the 2nd quarter worth approximately $119,564,000. Neumeier Poma Investment Counsel LLC purchased a new position in shares of OneSpaWorld during the 2nd quarter worth approximately $43,462,264. Nixon Capital LLC purchased a new position in shares of OneSpaWorld during the 2nd quarter worth approximately $25,168,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in OneSpaWorld in the 1st quarter valued at approximately $18,944,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.

About OneSpaWorld

OneSpaWorld Holdings Limited (NASDAQ: OSW) provides health, wellness and beauty services primarily aboard cruise ships and at destination resorts. The company operates and manages spas, salons, fitness centers and wellness facilities for cruise lines and resort operators, serving travelers in international markets.

Its services include massages and other spa treatments, facials, skincare, hair and beauty services, fitness and wellness programs, medi-spa treatments, acupuncture and related health services.