Stifel Nicolaus Cuts OneSpaWorld (NASDAQ:OSW) Price Target to $26.00

OneSpaWorld (NASDAQ:OSW) had its price objective reduced by Stifel Nicolaus from $27.00 to $26.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 24.64% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. TD Cowen increased their price target on shares of OneSpaWorld from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Northcoast Research set a $28.00 price target on OneSpaWorld and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, Cowen restated a “buy” rating on shares of OneSpaWorld in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.80.

OneSpaWorld Stock Down 0.7%

OSW opened at $20.86 on Thursday. The stock’s fifty day simple moving average is $20.88 and its 200 day simple moving average is $21.40. OneSpaWorld has a 1-year low of $14.21 and a 1-year high of $23.49. The stock has a market cap of $2.13 billion, a PE ratio of 29.38 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 EPS for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $258.52 million for the quarter, compared to the consensus estimate of $258.41 million. OneSpaWorld had a net margin of 7.90% and a return on equity of 16.38%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, research analysts expect that OneSpaWorld will post 0.9 earnings per share for the current year.

Insider Buying and Selling at OneSpaWorld

In related news, Director Andrew R. Heyer sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total transaction of $403,800.00. Following the sale, the director owned 509,817 shares in the company, valued at approximately $10,293,205.23. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen Lazarus sold 8,569 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total transaction of $180,977.28. Following the completion of the transaction, the chief executive officer directly owned 351,250 shares in the company, valued at $7,418,400. This trade represents a 2.38% decrease in their ownership of the stock. 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 ninety days. 3.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OneSpaWorld

Several hedge funds and other institutional investors have recently modified their holdings of OSW. Diversified Trust Co. lifted its position in shares of OneSpaWorld by 12.9% during the 4th quarter. Diversified Trust Co. now owns 20,177 shares of the company’s stock worth $418,000 after buying an additional 2,300 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in OneSpaWorld in the 3rd quarter worth about $87,000. CIBC Bancorp USA Inc. acquired a new position in shares of OneSpaWorld in the third quarter valued at approximately $214,000. Virtus Advisers LLC raised its holdings in OneSpaWorld by 742.3% in the 3rd quarter. Virtus Advisers LLC now owns 16,542 shares of the company’s stock valued at $350,000 after buying an additional 14,578 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in OneSpaWorld by 131.2% in the 3rd quarter. Verition Fund Management LLC now owns 121,091 shares of the company’s stock valued at $2,560,000 after buying an additional 68,720 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

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.