Weight Watchers International Inc (NYSE:WTW) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine raised Weight Watchers International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Sidoti cut Weight Watchers International from a “buy” rating to a “neutral” rating in a report on Tuesday, May 30th. Finally, Morgan Stanley raised their price target on Weight Watchers International from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, May 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.44.

Shares of Weight Watchers International (NYSE WTW) traded up 1.13% on Friday, reaching $48.13. The company’s stock had a trading volume of 1,269,331 shares. The stock has a 50-day moving average price of $36.42 and a 200-day moving average price of $23.31. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 30.83 and a beta of 3.06. Weight Watchers International has a 1-year low of $9.37 and a 1-year high of $48.40.

Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.50 by $0.17. The business had revenue of $341.70 million during the quarter, compared to analysts’ expectations of $329.55 million. Weight Watchers International had a negative return on equity of 7.70% and a net margin of 8.52%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. On average, equities research analysts forecast that Weight Watchers International will post $1.46 EPS for the current year.

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In related news, insider Corinne Pollier-Bousquet sold 6,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $25.75, for a total value of $169,950.00. Following the completion of the transaction, the insider now directly owns 12,795 shares of the company’s stock, valued at approximately $329,471.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.75% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Weight Watchers International during the fourth quarter valued at $170,000. State Street Corp increased its position in Weight Watchers International by 6.6% in the fourth quarter. State Street Corp now owns 491,758 shares of the company’s stock valued at $5,626,000 after buying an additional 30,414 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in Weight Watchers International by 14.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,115 shares of the company’s stock valued at $230,000 after buying an additional 2,475 shares during the last quarter. Norges Bank purchased a new position in Weight Watchers International during the fourth quarter valued at $1,363,000. Finally, Teachers Advisors LLC increased its position in Weight Watchers International by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 47,000 shares of the company’s stock valued at $538,000 after buying an additional 2,217 shares during the last quarter. 85.06% of the stock is owned by hedge funds and other institutional investors.

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.

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