OneSpaWorld (NASDAQ:OSW) Sets New 52-Week High – Should You Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.58 and last traded at $23.6040, with a volume of 116755 shares trading hands. The stock had previously closed at $22.95.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OSW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a research report on Monday, December 29th. Stifel Nicolaus dropped their target price 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. Truist Financial lifted their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, TD Cowen increased their price objective on shares of OneSpaWorld from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, OneSpaWorld currently has a consensus rating of “Buy” and an average target price of $26.33.

OneSpaWorld Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $21.48 and its 200-day moving average is $21.18. The company has a market cap of $2.38 billion, a PE ratio of 34.03 and a beta of 0.95.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.24 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 business had revenue of $242.13 million during the quarter, compared to analysts’ expectations of $243.07 million. During the same period in the previous year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts anticipate that OneSpaWorld Holdings Limited will post 0.9 EPS for the current year.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. OneSpaWorld’s dividend payout ratio is 28.99%.

Hedge Funds Weigh In On OneSpaWorld

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its position in OneSpaWorld by 111.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock worth $49,000 after buying an additional 1,244 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of OneSpaWorld in the fourth quarter valued at $66,000. XTX Topco Ltd purchased a new stake in shares of OneSpaWorld in the fourth quarter valued at $245,000. nVerses Capital LLC bought a new stake in shares of OneSpaWorld in the 4th quarter worth about $210,000. Finally, Voloridge Investment Management LLC boosted its stake in shares of OneSpaWorld by 2,749.2% during the 4th quarter. Voloridge Investment Management LLC now owns 271,298 shares of the company’s stock worth $5,627,000 after purchasing an additional 261,776 shares during the period. Hedge funds and other 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.