OneSpaWorld (NASDAQ:OSW) Price Target Raised to $27.00

OneSpaWorld (NASDAQ:OSW) had its price target lifted by stock analysts at TD Cowen from $26.00 to $27.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 20.28% from the company’s current price.

A number of other research firms also recently commented on OSW. Stifel Nicolaus reduced their target price on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Truist Financial raised their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Jefferies Financial Group initiated coverage on shares of OneSpaWorld in a report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price objective on the stock. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, OneSpaWorld presently has a consensus rating of “Buy” and a consensus price target of $26.33.

OneSpaWorld Price Performance

Shares of OSW stock opened at $22.45 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.91 and a quick ratio of 1.10. The company has a market capitalization of $2.28 billion, a PE ratio of 32.45 and a beta of 0.99. The firm’s 50-day moving average is $21.23 and its two-hundred day moving average is $21.15. OneSpaWorld has a 12 month low of $14.21 and a 12 month high of $23.56.

OneSpaWorld (NASDAQ:OSW) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.The firm had revenue of $242.13 million for the quarter, compared to analyst estimates of $243.07 million. During the same quarter in the prior year, the business earned $0.20 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts predict that OneSpaWorld will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On OneSpaWorld

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of OneSpaWorld in the 3rd quarter valued at $29,000. Brown Brothers Harriman & Co. purchased a new stake in shares of OneSpaWorld in the fourth quarter valued at approximately $31,000. Arax Advisory Partners grew its stake in shares of OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after purchasing an additional 1,295 shares during the period. First Horizon Corp increased its holdings in 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. Finally, Farther Finance Advisors LLC raised its holdings in OneSpaWorld by 325.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after purchasing an additional 1,478 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

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.