Zacks Research Downgrades OneSpaWorld (NASDAQ:OSW) to Strong Sell

OneSpaWorld (NASDAQ:OSW) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also recently weighed in on OSW. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Stifel Nicolaus lowered their price objective on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. TD Cowen dropped their target price on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Finally, Truist Financial upped their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

OneSpaWorld Price Performance

OneSpaWorld stock opened at $21.87 on Monday. The company has a fifty day simple moving average of $21.15 and a 200-day simple moving average of $21.27. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 31.70 and a beta of 1.03. 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 52-week low of $14.21 and a 52-week high of $23.54.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.07% and a net margin of 7.45%.The business had revenue of $242.13 million during the quarter, compared to analysts’ expectations of $243.07 million. During the same period in the prior year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that OneSpaWorld will post 0.9 EPS for the current fiscal year.

Insider Transactions at OneSpaWorld

In other news, CEO Stephen Lazarus sold 8,569 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $21.12, for a total transaction of $180,977.28. Following the completion of the transaction, the chief executive officer directly owned 351,250 shares in the company, valued at approximately $7,418,400. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $20.19, for a total value of $403,800.00. Following the sale, the director directly owned 509,817 shares of the company’s stock, valued at $10,293,205.23. The trade was a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,569 shares of company stock worth $685,827. 3.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in shares of OneSpaWorld by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 138,938 shares of the company’s stock worth $2,833,000 after acquiring an additional 731 shares during the last quarter. California State Teachers Retirement System lifted its stake in OneSpaWorld by 0.9% during the second quarter. California State Teachers Retirement System now owns 91,653 shares of the company’s stock worth $1,869,000 after purchasing an additional 849 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in OneSpaWorld by 6.8% during the second quarter. Simon Quick Advisors LLC now owns 13,340 shares of the company’s stock worth $272,000 after purchasing an additional 853 shares in the last quarter. Blair William & Co. IL boosted its position in shares of OneSpaWorld by 0.6% during the third quarter. Blair William & Co. IL now owns 152,277 shares of the company’s stock worth $3,219,000 after buying an additional 924 shares during the period. Finally, First Horizon Corp grew its stake in shares of OneSpaWorld by 120.4% in the fourth quarter. First Horizon Corp now owns 1,785 shares of the company’s stock valued at $37,000 after buying an additional 975 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

About OneSpaWorld

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.