OneSpaWorld Holdings Limited (NASDAQ:OSW) Given Consensus Rating of “Buy” by Brokerages

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) have received an average rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $28.20.

A number of equities research analysts have commented on OSW shares. Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings raised OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. TD Cowen upped their price target on OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Truist Financial boosted their target price on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Jefferies Financial Group started coverage on OneSpaWorld in a report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 target price for the company.

OneSpaWorld Stock Up 4.0%

Shares of OneSpaWorld stock opened at $25.79 on Friday. OneSpaWorld has a 52-week low of $18.43 and a 52-week high of $25.99. The company has a 50 day moving average of $24.11 and a 200 day moving average of $22.16. The company has a quick ratio of 1.40, a current ratio of 2.52 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.62 billion, a P/E ratio of 34.39 and a beta of 0.92.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.27 EPS for the quarter, beating 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 company had revenue of $247.63 million for the quarter, compared to the consensus estimate of $244.51 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts forecast that OneSpaWorld will post 1.07 EPS for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. OneSpaWorld’s dividend payout ratio is presently 26.67%.

Insider Buying and Selling at OneSpaWorld

In other news, Director Walter Field Mclallen sold 10,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.67, for a total value of $259,035.00. Following the completion of the sale, the director directly owned 137,382 shares of the company’s stock, valued at approximately $3,389,213.94. This represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.60% of the company’s stock.

Institutional Trading of OneSpaWorld

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new stake in OneSpaWorld during the 3rd quarter valued at approximately $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of OneSpaWorld during the 4th quarter worth $31,000. Arax Advisory Partners boosted its position in shares of OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after purchasing an additional 1,295 shares in the last quarter. First Horizon Corp boosted its position in shares of OneSpaWorld by 120.4% during the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after purchasing an additional 975 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of OneSpaWorld by 325.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after purchasing an additional 1,478 shares in 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.