Brokerages Set OneSpaWorld Holdings Limited (NASDAQ:OSW) Target Price at $30.60

OneSpaWorld Holdings Limited (NASDAQ:OSW) has been given an average rating of “Buy” by the seven research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has 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 $30.60.

A number of brokerages recently commented on OSW. Weiss Ratings restated a “buy (b)” rating on shares of OneSpaWorld in a report on Friday, July 31st. Jefferies Financial Group increased their price target on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus raised their price objective on shares of OneSpaWorld from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Truist Financial lifted their price objective on shares of OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd.

Insider Buying and Selling at OneSpaWorld

In other news, Director Andrew R. Heyer sold 25,219 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $26.42, for a total value of $666,285.98. Following the sale, the director directly owned 306,926 shares in the company, valued at approximately $8,108,984.92. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter Field Mclallen sold 10,500 shares of OneSpaWorld stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the transaction, the director owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. This trade represents a 7.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 90,500 shares of company stock valued at $2,363,762. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in shares of OneSpaWorld in the 2nd quarter valued at about $38,000. Brown Brothers Harriman & Co. acquired a new stake in OneSpaWorld in the fourth quarter valued at approximately $31,000. Arax Advisory Partners raised its holdings in OneSpaWorld by 428.8% in the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after acquiring an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in OneSpaWorld by 325.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after acquiring an additional 1,478 shares during the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in OneSpaWorld in the second quarter worth approximately $58,000. 95.98% of the stock is owned by institutional investors and hedge funds.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $24.83 on Thursday. The company’s 50 day simple moving average is $26.69 and its 200-day simple moving average is $24.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 2.91. OneSpaWorld has a 1 year low of $19.06 and a 1 year high of $29.25. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 31.43 and a beta of 0.91.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. OneSpaWorld had a net margin of 8.02% and a return on equity of 18.36%. The firm had revenue of $261.25 million during the quarter, compared to analysts’ expectations of $260.93 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts expect that OneSpaWorld will post 1.05 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. OneSpaWorld’s dividend payout ratio (DPR) is currently 25.32%.

About OneSpaWorld

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.