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

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price reached 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. The stock had previously closed at $21.67.

Analysts Set New Price Targets

OSW has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on OneSpaWorld in a report on Tuesday. They set a “buy” rating and a $30.00 price target for the company. TD Cowen cut their price objective on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Stifel Nicolaus decreased their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Truist Financial upped their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, OneSpaWorld presently has a consensus rating of “Buy” and an average target price of $25.83.

OneSpaWorld Stock Down 1.0%

The business has a 50-day moving average of $21.18 and a 200 day moving average of $21.15. The company has a market capitalization of $2.33 billion, a PE ratio of 33.29 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.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data 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). The firm had revenue of $242.13 million during the quarter, compared to the consensus estimate of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. Equities research analysts predict that OneSpaWorld Holdings Limited will post 0.9 earnings per share for the current year.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.20 annualized dividend and a yield of 0.9%. OneSpaWorld’s dividend payout ratio (DPR) is 28.99%.

Institutional Trading of OneSpaWorld

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of OneSpaWorld during the 3rd quarter valued at about $29,000. Brown Brothers Harriman & Co. purchased a new position in OneSpaWorld in the fourth quarter worth about $31,000. Arax Advisory Partners increased its stake in OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after acquiring an additional 1,295 shares during the last quarter. First Horizon Corp increased 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 acquiring an additional 975 shares during the last quarter. Finally, Farther Finance Advisors LLC raised 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 purchasing an additional 1,478 shares during the period. 95.98% of the stock is currently 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.