Insider Buying: S.A. Westend Buys 90,508 Shares of Weight Watchers International Stock (WTW)
Weight Watchers International (NYSE:WTW) major shareholder S.A. Westend bought 90,508 shares of the company’s stock on the open market in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $21.52 per share, with a total value of $1,947,732.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Weight Watchers International (NYSE:WTW) traded down 0.09% on Wednesday, hitting $21.71. The stock had a trading volume of 540,688 shares. Weight Watchers International has a one year low of $19.09 and a one year high of $41.44. The stock’s 50-day moving average is $20.64 and its 200-day moving average is $22.01. The company has a market cap of $1.229 billion and a P/E ratio of 7.39.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Wednesday, July 30th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.21. The company had revenue of $397.50 million for the quarter, compared to the consensus estimate of $387.70 million. During the same quarter last year, the company posted $1.39 earnings per share. Weight Watchers International’s revenue was down 15.6% compared to the same quarter last year. On average, analysts predict that Weight Watchers International will post $1.75 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on WTW shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Weight Watchers International in a research note on Thursday, July 31st. They now have a $20.00 price target on the stock, down previously from $23.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Weight Watchers International in a research note on Thursday, July 31st. They now have a $20.00 price target on the stock, down previously from $23.00. Finally, analysts at Zacks downgraded shares of Weight Watchers International from an “outperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $24.30 price target on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.86.
Weight Watchers International, Inc (NYSE:WTW) is a global-branded consumer company and a provider of weight management services, operating globally through a network of Company-owned and franchise operations.
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