Weight Watchers International Inc. (WTW) Lowered to “Hold” at Vetr Inc.
Weight Watchers International Inc. (NYSE:WTW) was downgraded by Vetr from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday. They presently have a $10.24 target price on the stock. Vetr‘s target price indicates a potential downside of 0.39% from the stock’s current price.
Separately, Zacks Investment Research cut shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.32.
Weight Watchers International (NYSE:WTW) traded down 0.19% during midday trading on Wednesday, hitting $10.28. The company had a trading volume of 419,486 shares. The company’s 50 day moving average is $10.39 and its 200 day moving average is $12.34. Weight Watchers International has a 12-month low of $6.68 and a 12-month high of $28.05. The stock has a market cap of $656.50 million, a price-to-earnings ratio of 21.33 and a beta of 3.17.
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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 Zacks’ 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 had revenue of $310 million for the quarter, compared to analysts’ expectations of $318.30 million. During the same quarter last year, the company posted $0.49 earnings per share. Weight Watchers International’s revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that Weight Watchers International will post $0.94 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. boosted its stake in shares of Weight Watchers International by 100.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 800,000 shares of the company’s stock valued at $11,624,000 after buying an additional 400,000 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of Weight Watchers International during the first quarter valued at approximately $3,233,000. Canada Pension Plan Investment Board boosted its stake in shares of Weight Watchers International by 6,061.1% in the first quarter. Canada Pension Plan Investment Board now owns 110,900 shares of the company’s stock valued at $1,611,000 after buying an additional 109,100 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Weight Watchers International by 86.4% in the first quarter. Royal Bank of Canada now owns 42,692 shares of the company’s stock valued at $620,000 after buying an additional 19,784 shares during the last quarter. Finally, Seven Eight Capital LLC boosted its stake in shares of Weight Watchers International by 156.1% in the first quarter. Seven Eight Capital LLC now owns 9,558 shares of the company’s stock valued at $139,000 after buying an additional 5,826 shares during the last quarter. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
Weight Watchers International Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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