Weight Watchers International Inc. (WTW) Trading Up 3.7%
Weight Watchers International Inc. (NYSE:WTW) shares were up 3.7% during trading on Tuesday . The stock traded as high as $10.29 and last traded at $10.26, with a volume of 639,158 shares changing hands. The stock had previously closed at $9.89.
Several research analysts have commented on WTW shares. Zacks Investment Research raised shares of Weight Watchers International from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Sidoti started coverage on shares of Weight Watchers International in a report on Tuesday, May 24th. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.06.
The firm has a market cap of $646.28 million, a PE ratio of 21.00 and a beta of 2.89. The stock’s 50 day moving average is $10.72 and its 200 day moving average is $12.70.
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Weight Watchers International (NYSE:WTW) last issued its earnings results on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Weight Watchers International had a net margin of 2.63% and a negative return on equity of 3.07%. The firm earned $310 million during the quarter, compared to analysts’ expectations of $318.30 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities analysts anticipate that Weight Watchers International Inc. will post $0.96 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Zacks Investment Management boosted its position in shares of Weight Watchers International by 0.4% in the second quarter. Zacks Investment Management now owns 14,565 shares of the company’s stock valued at $169,000 after buying an additional 58 shares during the period. Rhumbline Advisers boosted its position in Weight Watchers International by 0.6% in the second quarter. Rhumbline Advisers now owns 30,393 shares of the company’s stock worth $353,000 after buying an additional 175 shares during the last quarter. Sigma Planning Corp boosted its position in Weight Watchers International by 1.2% in the second quarter. Sigma Planning Corp now owns 15,480 shares of the company’s stock worth $180,000 after buying an additional 180 shares during the last quarter. Nationwide Fund Advisors boosted its position in Weight Watchers International by 4.5% in the second quarter. Nationwide Fund Advisors now owns 18,492 shares of the company’s stock worth $215,000 after buying an additional 793 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its position in Weight Watchers International by 1.1% in the second quarter. BlackRock Investment Management LLC now owns 103,549 shares of the company’s stock worth $1,204,000 after buying an additional 1,086 shares during the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.
About Weight Watchers International
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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