Weight Watchers International (WTW) Trading Down 5.1%
Weight Watchers International, Inc. (NYSE:WTW)’s share price was down 5.1% during trading on Thursday . The stock traded as low as $66.04 and last traded at $66.16. Approximately 2,399,063 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 1,766,222 shares. The stock had previously closed at $69.73.
Several equities analysts have recently commented on WTW shares. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 7th. UBS Group decreased their target price on Weight Watchers International from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th. JPMorgan Chase & Co. assumed coverage on Weight Watchers International in a research report on Tuesday, June 12th. They issued an “overweight” rating and a $105.00 target price on the stock. Goldman Sachs Group assumed coverage on Weight Watchers International in a research report on Tuesday. They set a “neutral” rating and a $73.00 price target on the stock. Finally, KeyCorp assumed coverage on Weight Watchers International in a research report on Monday, July 9th. They set an “overweight” rating and a $115.00 price target on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Weight Watchers International has an average rating of “Buy” and an average target price of $103.55.
The stock has a market capitalization of $4.41 billion, a PE ratio of 40.52, a P/E/G ratio of 0.99 and a beta of 2.93. The company has a debt-to-equity ratio of -1.77, a current ratio of 0.77 and a quick ratio of 0.72.
In other Weight Watchers International news, Director Philippe Amouyal sold 7,500 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $75.59, for a total value of $566,925.00. Following the sale, the director now owns 54,269 shares of the company’s stock, valued at approximately $4,102,193.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Corinne Pollier-Bousquet sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the insider now directly owns 29,456 shares in the company, valued at approximately $2,356,480. The disclosure for this sale can be found here. Insiders have sold 6,195,223 shares of company stock worth $470,747,775 in the last three months. 12.31% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in shares of Weight Watchers International in the 1st quarter valued at $102,000. Bank of Montreal Can acquired a new stake in shares of Weight Watchers International in the 2nd quarter valued at $174,000. Evanston Investments Inc. dba Evanston Advisors acquired a new stake in shares of Weight Watchers International in the 2nd quarter valued at $202,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Weight Watchers International in the 1st quarter valued at $139,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Weight Watchers International in the 2nd quarter valued at $229,000. 91.37% of the stock is currently owned by hedge funds and other institutional investors.
Weight Watchers International Company Profile (NYSE:WTW)
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
Featured Story: Outstanding Shares and The Effect on Share Price
Receive News & Ratings for Weight Watchers International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weight Watchers International and related companies with MarketBeat.com's FREE daily email newsletter.