Weight Watchers International Inc. (WTW) Sees Strong Trading Volume
Weight Watchers International Inc. (NYSE:WTW) saw an uptick in trading volume on Friday . 3,321,152 shares were traded during trading, an increase of 117% from the previous session’s volume of 1,530,766 shares.The stock last traded at $10.78 and had previously closed at $11.39.
Several brokerages recently issued reports on WTW. Zacks Investment Research cut shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Sidoti began coverage on shares of Weight Watchers International in a report on Tuesday, May 24th. They set a “buy” rating and a $25.00 target price for the company. Finally, Vetr raised shares of Weight Watchers International from a “hold” rating to a “buy” rating and set a $15.41 target price for the company in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.43.
The stock’s 50 day moving average is $11.82 and its 200 day moving average is $13.07. The company has a market cap of $688.77 million and a price-to-earnings ratio of 23.46.
Weight Watchers International (NYSE:WTW) last issued its earnings results on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company earned $310 million during the quarter, compared to analyst estimates of $318.30 million. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. Equities research analysts forecast that Weight Watchers International Inc. will post $0.94 EPS for the current year.
In other Weight Watchers International news, Director Denis F. Kelly purchased 10,000 shares of Weight Watchers International stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average price of $12.21 per share, for a total transaction of $122,100.00. Following the transaction, the director now directly owns 35,914 shares in the company, valued at $438,509.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Other hedge funds have added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Weight Watchers International by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 51,202 shares of the company’s stock valued at $1,167,000 after buying an additional 935 shares during the period. Dimensional Fund Advisors LP increased its stake in Weight Watchers International by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 110,076 shares of the company’s stock valued at $2,510,000 after buying an additional 5,475 shares during the period. Finally, Russell Frank Co acquired a new stake in Weight Watchers International during the fourth quarter valued at approximately $1,867,000.
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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