OneSpaWorld Holdings Limited (NASDAQ:OSW) Given Average Recommendation of “Buy” by Brokerages

OneSpaWorld Holdings Limited (NASDAQ:OSW) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.20.

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Jefferies Financial Group boosted their price target on OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings raised OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Truist Financial raised their price objective on OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, May 22nd.

Insiders Place Their Bets

In other OneSpaWorld news, Director Walter Field Mclallen sold 10,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total value of $259,035.00. Following the transaction, the director directly owned 137,382 shares in the company, valued at $3,389,213.94. The trade was a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 20,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $26.04, for a total transaction of $520,800.00. Following the completion of the transaction, the director directly owned 489,817 shares in the company, valued at $12,754,834.68. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of OneSpaWorld during the fourth quarter worth approximately $31,000. Arax Advisory Partners increased its stake in shares of OneSpaWorld by 428.8% during the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after purchasing an additional 1,295 shares during the period. First Horizon Corp lifted its holdings in 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 during the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in OneSpaWorld by 111.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $49,000 after purchasing an additional 1,244 shares during the period. 95.98% of the stock is owned by institutional investors.

OneSpaWorld Price Performance

NASDAQ:OSW opened at $27.31 on Wednesday. The stock has a market capitalization of $2.77 billion, a PE ratio of 36.41 and a beta of 0.90. OneSpaWorld has a 1-year low of $19.06 and a 1-year high of $29.25. The firm has a fifty day simple moving average of $25.31 and a 200 day simple moving average of $23.05. The company has a current ratio of 2.52, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $244.51 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that OneSpaWorld will post 1.07 EPS for the current fiscal year.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.7%. OneSpaWorld’s dividend payout ratio (DPR) is currently 26.67%.

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.