Weight Watchers International Inc (WTW) Receives Average Recommendation of “Hold” from Brokerages
Weight Watchers International Inc (NYSE:WTW) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.25.
A number of research analysts recently weighed in on WTW shares. Zacks Investment Research cut shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub cut shares of Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
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Weight Watchers International (WTW) opened at 44.78 on Friday. The company has a market cap of $2.88 billion, a PE ratio of 28.69 and a beta of 2.99. Weight Watchers International has a 12-month low of $9.55 and a 12-month high of $49.32. The stock has a 50 day moving average of $44.52 and a 200 day moving average of $32.14.
Weight Watchers International (NYSE:WTW) last released its earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.17. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.70%. The company had revenue of $341.70 million for the quarter, compared to analysts’ expectations of $329.55 million. During the same quarter in the previous year, the company earned $0.46 EPS. Weight Watchers International’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts expect that Weight Watchers International will post $1.46 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in Weight Watchers International by 8.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 69,259 shares of the company’s stock worth $2,315,000 after purchasing an additional 5,642 shares in the last quarter. McQueen Ball & Associates Inc. purchased a new stake in Weight Watchers International in the 2nd quarter worth $271,000. Highbridge Capital Management LLC purchased a new stake in Weight Watchers International in the 1st quarter worth $391,000. Clinton Group Inc. purchased a new stake in Weight Watchers International in the 1st quarter worth $271,000. Finally, James Investment Research Inc. purchased a new stake in Weight Watchers International in the 2nd quarter worth $1,622,000. Institutional investors and hedge funds own 88.24% of the company’s stock.
About Weight Watchers International
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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