Weight Watchers International, Inc. (NYSE:WTW)’s share price was down 5.1% on Friday . The stock traded as low as $31.58 and last traded at $33.30. Approximately 8,202,256 shares were traded during trading, an increase of 89% from the average daily volume of 4,342,068 shares. The stock had previously closed at $35.08.

Several equities analysts have recently weighed in on WTW shares. JPMorgan Chase & Co. set a $70.00 price target on Weight Watchers International and gave the company a “buy” rating in a report on Tuesday, November 27th. Bank of America lowered their price target on Weight Watchers International from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Morgan Stanley started coverage on Weight Watchers International in a report on Thursday, September 13th. They set an “equal weight” rating and a $76.00 price target on the stock. Zacks Investment Research raised Weight Watchers International from a “sell” rating to a “hold” rating and set a $43.00 price target on the stock in a report on Sunday, January 6th. Finally, KeyCorp lowered their price target on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Weight Watchers International currently has a consensus rating of “Buy” and an average price target of $85.08.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Thursday, November 1st. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.01. The company had revenue of $365.80 million during the quarter, compared to the consensus estimate of $377.95 million. During the same period in the prior year, the business posted $0.65 earnings per share. Weight Watchers International’s revenue for the quarter was up 13.0% compared to the same quarter last year.

In related news, insider Corinne Pollier-Bousquet sold 2,019 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $51.26, for a total value of $103,493.94. Following the transaction, the insider now directly owns 26,183 shares of the company’s stock, valued at approximately $1,342,140.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mindy F. Grossman bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average cost of $50.10 per share, for a total transaction of $350,700.00. Following the completion of the acquisition, the insider now owns 48,533 shares in the company, valued at approximately $2,431,503.30. The disclosure for this purchase can be found here. 12.31% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of WTW. Bank of New York Mellon Corp raised its holdings in Weight Watchers International by 25.7% during the second quarter. Bank of New York Mellon Corp now owns 221,917 shares of the company’s stock valued at $22,435,000 after acquiring an additional 45,423 shares during the period. BlackRock Inc. raised its holdings in Weight Watchers International by 38.0% during the second quarter. BlackRock Inc. now owns 2,526,524 shares of the company’s stock valued at $255,432,000 after acquiring an additional 696,255 shares during the period. Janus Henderson Group PLC bought a new stake in Weight Watchers International during the second quarter valued at about $398,000. Legal & General Group Plc raised its holdings in Weight Watchers International by 24.1% during the second quarter. Legal & General Group Plc now owns 13,966 shares of the company’s stock valued at $1,412,000 after acquiring an additional 2,711 shares during the period. Finally, Brown Advisory Inc. bought a new stake in Weight Watchers International during the second quarter valued at about $461,000. 91.34% of the stock is currently owned by institutional investors and hedge funds.

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Weight Watchers International Company Profile (NYSE:WTW)

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

See Also: Consumer Price Index (CPI)

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