Weight Watchers International (WTW) Given a $65.00 Price Target at B. Riley

Weight Watchers International (NYSE:WTW) has been assigned a $65.00 price objective by B. Riley in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 38.24% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $70.00 price target (up previously from $50.00) on shares of Weight Watchers International in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Weight Watchers International has a consensus rating of “Hold” and a consensus target price of $40.46.

Weight Watchers International (NYSE:WTW) traded up $1.68 during trading on Tuesday, reaching $47.02. 1,205,700 shares of the company were exchanged, compared to its average volume of 1,537,509. The stock has a market capitalization of $2,925.80, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.93 and a beta of 2.96. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of -1.74. Weight Watchers International has a 52 week low of $9.95 and a 52 week high of $54.47.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Monday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. The company had revenue of $323.70 million for the quarter, compared to the consensus estimate of $319.40 million. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. Weight Watchers International’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. sell-side analysts anticipate that Weight Watchers International will post 1.57 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in WTW. Teachers Advisors LLC raised its stake in shares of Weight Watchers International by 12.4% in the first quarter. Teachers Advisors LLC now owns 52,812 shares of the company’s stock valued at $822,000 after acquiring an additional 5,812 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Weight Watchers International by 8.9% in the second quarter. Russell Investments Group Ltd. now owns 69,259 shares of the company’s stock valued at $2,315,000 after acquiring an additional 5,642 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Weight Watchers International by 883.5% in the second quarter. Great West Life Assurance Co. Can now owns 44,071 shares of the company’s stock valued at $1,469,000 after acquiring an additional 39,590 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Weight Watchers International by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 504,438 shares of the company’s stock valued at $16,859,000 after acquiring an additional 38,990 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Weight Watchers International by 149.2% in the second quarter. First Trust Advisors LP now owns 33,687 shares of the company’s stock valued at $1,126,000 after acquiring an additional 20,167 shares during the period. 86.49% of the stock is currently owned by institutional investors and hedge funds.

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About Weight Watchers International

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.