OneSpaWorld (NASDAQ:OSW) Price Target Raised to $28.00 at Truist Financial

OneSpaWorld (NASDAQ:OSW) had its target price raised by Truist Financial from $25.00 to $28.00 in a report released on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on OSW. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen upgraded shares of OneSpaWorld from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. TD Cowen upped their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group started coverage on shares of OneSpaWorld in a report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Weiss Ratings upgraded shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $28.20.

OneSpaWorld Trading Down 0.5%

Shares of OSW opened at $23.99 on Friday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 31.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.52. OneSpaWorld has a fifty-two week low of $18.19 and a fifty-two week high of $25.75. The firm has a 50 day moving average price of $23.44 and a 200-day moving average price of $21.85.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The firm had revenue of $247.63 million during the quarter, compared to analyst estimates of $244.51 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts forecast that OneSpaWorld will post 1.07 earnings per share for the current year.

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. OneSpaWorld’s dividend payout ratio is currently 26.67%.

Institutional Trading of OneSpaWorld

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its position in OneSpaWorld by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock valued at $1,869,000 after purchasing an additional 849 shares during the last quarter. Diversified Trust Co grew its position in OneSpaWorld by 4.2% during the 1st quarter. Diversified Trust Co now owns 21,027 shares of the company’s stock valued at $483,000 after purchasing an additional 850 shares during the last quarter. Blair William & Co. IL grew its position in OneSpaWorld by 0.6% during the 3rd quarter. Blair William & Co. IL now owns 152,277 shares of the company’s stock valued at $3,219,000 after purchasing an additional 924 shares during the last quarter. First Horizon Corp grew its position in OneSpaWorld by 120.4% during the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after purchasing an additional 975 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of OneSpaWorld by 111.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after acquiring an additional 1,244 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

About OneSpaWorld

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.