Weight Watchers International (WTW) Sees Strong Trading Volume
Shares of Weight Watchers International, Inc. (NYSE:WTW) saw unusually-high trading volume on Monday . Approximately 5,510,122 shares were traded during trading, an increase of 130% from the previous session’s volume of 2,396,484 shares.The stock last traded at $52.62 and had previously closed at $46.91.
WTW has been the subject of several recent research reports. ValuEngine lowered Weight Watchers International from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research lowered Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Friday, December 1st. B. Riley set a $65.00 price target on Weight Watchers International and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, Craig Hallum reissued a “buy” rating and set a $70.00 price target (up previously from $50.00) on shares of Weight Watchers International in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.25.
The firm has a market capitalization of $3,390.00, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.89 and a beta of 2.95. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of -1.74.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Monday, November 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The firm had revenue of $323.70 million during the quarter, compared to analyst estimates of $319.40 million. Weight Watchers International had a negative return on equity of 8.81% and a net margin of 9.03%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. sell-side analysts anticipate that Weight Watchers International, Inc. will post 1.59 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Weight Watchers International by 3,364.2% in the third quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock worth $181,000 after acquiring an additional 4,037 shares during the period. Trexquant Investment LP bought a new position in shares of Weight Watchers International in the third quarter worth about $216,000. Virginia Retirement Systems ET AL bought a new position in shares of Weight Watchers International in the third quarter worth about $226,000. SG Americas Securities LLC bought a new position in shares of Weight Watchers International in the second quarter worth about $234,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Weight Watchers International by 123.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock worth $238,000 after acquiring an additional 3,936 shares during the period. 86.49% of the stock is owned by hedge funds and other institutional investors.
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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.
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