Weight Watchers International Inc (WTW) Receives Consensus Rating of “Hold” from Brokerages
Shares of Weight Watchers International Inc (NYSE:WTW) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.88.
WTW has been the topic of a number of recent research reports. ValuEngine lowered Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research note on Friday, August 18th. Finally, BidaskClub lowered Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th.
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Several institutional investors have recently bought and sold shares of the stock. Chicago Equity Partners LLC lifted its stake in shares of Weight Watchers International by 139.5% in the third quarter. Chicago Equity Partners LLC now owns 31,250 shares of the company’s stock worth $1,361,000 after acquiring an additional 18,200 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Weight Watchers International in the third quarter worth approximately $4,751,000. Parametrica Management Ltd bought a new stake in Weight Watchers International in the third quarter worth approximately $482,000. USA Financial Portformulas Corp bought a new stake in Weight Watchers International in the second quarter worth approximately $858,000. Finally, State Street Corp increased its holdings in Weight Watchers International by 8.5% in the second quarter. State Street Corp now owns 541,951 shares of the company’s stock worth $18,112,000 after purchasing an additional 42,554 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors.
Weight Watchers International (NYSE:WTW) last released its earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Weight Watchers International had a negative return on equity of 7.70% and a net margin of 8.52%. The firm had revenue of $341.70 million for the quarter, compared to analysts’ expectations of $329.55 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis.
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.
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