OneSpaWorld (NASDAQ:OSW) Price Target Lowered to $24.00 at TD Cowen

OneSpaWorld (NASDAQ:OSW) had its price objective cut by equities research analysts at TD Cowen from $27.00 to $24.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 22.10% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Cowen reaffirmed a “buy” rating on shares of OneSpaWorld in a report on Friday, October 31st. 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 report on Thursday, January 15th. Northcoast Research set a $28.00 price objective on OneSpaWorld and gave the company a “buy” rating in a research note on Tuesday, October 7th. Wall Street Zen downgraded OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, OneSpaWorld presently has an average rating of “Buy” and an average target price of $24.20.

OneSpaWorld Trading Down 0.3%

NASDAQ:OSW traded down $0.06 during trading hours on Tuesday, hitting $19.66. 214,044 shares of the company were exchanged, compared to its average volume of 524,370. The company has a fifty day simple moving average of $20.76 and a 200 day simple moving average of $21.38. OneSpaWorld has a one year low of $14.21 and a one year high of $23.49. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 27.68 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The company had revenue of $258.52 million during the quarter, compared to analyst estimates of $258.41 million. During the same quarter in the previous year, the business posted $0.26 EPS. OneSpaWorld’s revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts expect that OneSpaWorld will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrew R. Heyer sold 20,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the sale, the director owned 509,817 shares in the company, valued at approximately $10,293,205.23. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Walter Field Mclallen sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $20.21, for a total transaction of $101,050.00. Following the completion of the sale, the director owned 154,882 shares of the company’s stock, valued at $3,130,165.22. This trade represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,569 shares of company stock valued at $685,827 in the last quarter. 3.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ariel Investments LLC lifted its position in shares of OneSpaWorld by 23.3% during the 2nd quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock valued at $269,416,000 after buying an additional 2,499,851 shares in the last quarter. American Century Companies Inc. boosted its stake in OneSpaWorld by 105.5% during the second quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock worth $60,690,000 after buying an additional 1,528,210 shares during the last quarter. First Trust Advisors LP boosted its stake in OneSpaWorld by 45.6% during the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock worth $65,298,000 after buying an additional 966,889 shares during the last quarter. Bessemer Group Inc. grew its holdings in OneSpaWorld by 3,988.8% in the 3rd quarter. Bessemer Group Inc. now owns 924,726 shares of the company’s stock valued at $19,550,000 after buying an additional 902,110 shares in the last quarter. Finally, Aberdeen Group plc acquired a new stake in shares of OneSpaWorld in the 4th quarter worth $17,663,000. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Company Profile

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.