Weight Watchers International Inc (NYSE:WTW) shares traded up 10.7% during trading on Wednesday . The company traded as high as $54.47 and last traded at $45.41. 4,882,926 shares were traded during trading, an increase of 430% from the average session volume of 921,175 shares. The stock had previously closed at $50.87.

Several research firms have recently issued reports on WTW. Craig Hallum reissued a “buy” rating and issued a $70.00 price target (up previously from $50.00) on shares of Weight Watchers International in a research note on Tuesday. ValuEngine cut Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research note on Friday, August 18th. Finally, BidaskClub cut Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Weight Watchers International currently has an average rating of “Hold” and an average target price of $35.95.

The stock has a market cap of $2,930.00, a P/E ratio of 29.90, a PEG ratio of 1.66 and a beta of 2.99. The company has a quick ratio of 0.70, a current ratio of 0.96 and a debt-to-equity ratio of -1.74.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Monday, November 6th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.14. Weight Watchers International had a negative return on equity of 8.81% and a net margin of 9.03%. The business had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $319.40 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. sell-side analysts predict that Weight Watchers International Inc will post 1.8 EPS for the current year.

A number of hedge funds have recently made changes to their positions in WTW. Macquarie Group Ltd. bought a new position in Weight Watchers International during the second quarter valued at about $22,572,000. PDT Partners LLC bought a new position in Weight Watchers International during the second quarter valued at about $16,546,000. Dimensional Fund Advisors LP boosted its stake in Weight Watchers International by 137.7% during the second quarter. Dimensional Fund Advisors LP now owns 260,726 shares of the company’s stock valued at $8,712,000 after buying an additional 151,036 shares in the last quarter. Sanctuary Wealth Advisors LLC bought a new position in Weight Watchers International during the second quarter valued at about $4,335,000. Finally, Vanguard Group Inc. boosted its stake in Weight Watchers International by 4.9% during the first quarter. Vanguard Group Inc. now owns 2,368,696 shares of the company’s stock valued at $36,881,000 after buying an additional 111,648 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

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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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