TD Cowen Cuts OneSpaWorld (NASDAQ:OSW) Price Target to $24.00

OneSpaWorld (NASDAQ:OSW) had its price target reduced by TD Cowen from $27.00 to $24.00 in a research note released on Tuesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other brokerages have also weighed in on OSW. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Northcoast Research set a $28.00 price target on OneSpaWorld and gave the stock a “buy” rating in a report on Tuesday, October 7th. Stifel Nicolaus reduced their price objective on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $24.20.

OneSpaWorld Price Performance

Shares of OSW stock opened at $20.27 on Tuesday. The business has a fifty day simple moving average of $20.67 and a 200 day simple moving average of $21.35. The company has a market cap of $2.07 billion, a P/E ratio of 28.55 and a beta of 1.04. The company has a quick ratio of 1.09, a current ratio of 1.84 and a debt-to-equity ratio of 0.15. OneSpaWorld has a twelve month low of $14.21 and a twelve month high of $23.49.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $258.52 million for the quarter, compared to analysts’ expectations of $258.41 million. OneSpaWorld had a return on equity of 16.38% and a net margin of 7.90%.The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, sell-side analysts forecast that OneSpaWorld will post 0.9 EPS for the current fiscal year.

OneSpaWorld Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, November 19th. This is a positive change from OneSpaWorld’s previous quarterly dividend of $0.04. OneSpaWorld’s dividend payout ratio is currently 28.17%.

Insiders Place Their Bets

In other news, CEO Stephen Lazarus sold 8,569 shares of OneSpaWorld stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total value of $180,977.28. Following the completion of the transaction, the chief executive officer owned 351,250 shares in the company, valued at $7,418,400. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew R. Heyer sold 20,000 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total transaction of $403,800.00. Following the completion of the transaction, the director owned 509,817 shares of the company’s stock, valued at $10,293,205.23. This represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,569 shares of company stock worth $685,827 over the last quarter. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in OneSpaWorld during the third quarter valued at about $29,000. Aquatic Capital Management LLC bought a new position in shares of OneSpaWorld during the 3rd quarter valued at about $50,000. CIBC Private Wealth Group LLC bought a new position in shares of OneSpaWorld during the 3rd quarter valued at about $87,000. State of Alaska Department of Revenue purchased a new position in shares of OneSpaWorld during the 3rd quarter valued at about $116,000. Finally, Tower Research Capital LLC TRC lifted its position in OneSpaWorld by 313.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,274 shares of the company’s stock worth $189,000 after buying an additional 7,031 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

OneSpaWorld Company Profile

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.