Stock Traders Purchase Large Volume of Put Options on Weight Watchers International (NYSE:WTW)

Weight Watchers International, Inc. (NYSE:WTW) was the target of unusually large options trading activity on Monday. Traders purchased 4,265 put options on the stock. This is an increase of 632% compared to the average daily volume of 583 put options.

WTW has been the subject of several recent analyst reports. ValuEngine downgraded shares of Weight Watchers International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. Craig Hallum reiterated a “buy” rating and set a $70.00 target price (up from $50.00) on shares of Weight Watchers International in a research note on Tuesday, November 7th. Finally, B. Riley set a $65.00 target price on shares of Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $51.25.

Weight Watchers International (NYSE:WTW) opened at $56.98 on Friday. Weight Watchers International has a one year low of $11.33 and a one year high of $57.96. The stock has a market cap of $3,670.00, a price-to-earnings ratio of 33.92, a PEG ratio of 1.89 and a beta of 2.95. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of -1.74.

Weight Watchers International (NYSE:WTW) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. The company had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $319.40 million. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. sell-side analysts forecast that Weight Watchers International will post 1.59 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in WTW. Sei Investments Co. increased its position in shares of Weight Watchers International by 3,364.2% during the 3rd quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock worth $181,000 after purchasing an additional 4,037 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Weight Watchers International during the 3rd quarter worth about $216,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Weight Watchers International during the 3rd quarter worth about $226,000. SG Americas Securities LLC acquired a new stake in shares of Weight Watchers International during the 2nd quarter worth about $234,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Weight Watchers International by 123.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,134 shares of the company’s stock worth $238,000 after acquiring an additional 3,936 shares during the last quarter. Institutional investors and hedge funds own 86.49% of the company’s stock.

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Weight Watchers International Company Profile

Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

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