OneSpaWorld (NASDAQ:OSW) Price Target Raised to $28.00

OneSpaWorld (NASDAQ:OSW) had its price objective increased by analysts at Truist Financial from $25.00 to $28.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price suggests a potential upside of 16.96% from the company’s current price.

A number of other equities research analysts also recently commented on OSW. Weiss Ratings upgraded shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. TD Cowen lifted their price target on shares of OneSpaWorld from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group assumed coverage on shares of OneSpaWorld in a report on Tuesday, March 24th. They issued a “buy” rating and a $30.00 target price for the company. Wall Street Zen upgraded shares of OneSpaWorld from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $28.20.

OneSpaWorld Trading Down 0.7%

Shares of NASDAQ OSW traded down $0.18 during midday trading on Friday, reaching $23.94. 85,167 shares of the stock were exchanged, compared to its average volume of 1,055,346. The company has a market capitalization of $2.43 billion, a P/E ratio of 31.91 and a beta of 0.95. OneSpaWorld has a 52-week low of $18.19 and a 52-week high of $25.75. The company has a current ratio of 2.52, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $23.38 and a 200-day moving average price of $21.83.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $247.63 million during the quarter, compared to the consensus estimate of $244.51 million. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. Equities research analysts expect that OneSpaWorld will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OneSpaWorld

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in OneSpaWorld by 395.0% during the first quarter. Bank of America Corp DE now owns 3,987,390 shares of the company’s stock worth $91,511,000 after buying an additional 3,181,857 shares during the period. First Trust Advisors LP grew its stake in OneSpaWorld by 2.9% during the fourth quarter. First Trust Advisors LP now owns 3,179,211 shares of the company’s stock worth $65,937,000 after buying an additional 90,381 shares during the period. American Century Companies Inc. grew its stake in OneSpaWorld by 2.7% during the third quarter. American Century Companies Inc. now owns 3,055,737 shares of the company’s stock worth $64,598,000 after buying an additional 79,259 shares during the period. Vanguard Group Inc. grew its stake in OneSpaWorld by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,017,136 shares of the company’s stock worth $62,575,000 after buying an additional 89,191 shares during the period. Finally, Raymond James Financial Inc. grew its stake in OneSpaWorld by 0.4% during the second quarter. Raymond James Financial Inc. now owns 2,525,357 shares of the company’s stock worth $51,492,000 after buying an additional 10,807 shares during the period. 95.98% of the stock is currently 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.