ValuEngine Lowers Weight Watchers International Inc (WTW) to Hold
Weight Watchers International Inc (NYSE:WTW) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday.
WTW has been the topic of a number of other research reports. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut Weight Watchers International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.44.
Weight Watchers International (WTW) traded up 6.45% during mid-day trading on Monday, hitting $46.36. 1,959,063 shares of the stock were exchanged. Weight Watchers International has a 52-week low of $9.55 and a 52-week high of $49.32. The stock’s 50 day moving average is $44.83 and its 200 day moving average is $31.52. The stock has a market cap of $2.99 billion, a PE ratio of 29.70 and a beta of 2.99.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. The business had revenue of $341.70 million during the quarter, compared to analyst estimates of $329.55 million. Weight Watchers International had a negative return on equity of 7.70% and a net margin of 8.52%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. Analysts forecast that Weight Watchers International will post $1.46 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Weight Watchers International by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock valued at $79,611,000 after buying an additional 13,425 shares during the period. Macquarie Group Ltd. acquired a new position in Weight Watchers International in the second quarter valued at approximately $22,572,000. State Street Corp lifted its holdings in Weight Watchers International by 8.5% in the second quarter. State Street Corp now owns 541,951 shares of the company’s stock valued at $18,112,000 after acquiring an additional 42,554 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Weight Watchers International by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 504,438 shares of the company’s stock valued at $16,859,000 after acquiring an additional 38,990 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in Weight Watchers International in the second quarter worth approximately $16,546,000. Institutional investors and hedge funds own 88.24% of the company’s stock.
Weight Watchers International Company Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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