Swiss National Bank grew its stake in shares of Weight Watchers International, Inc. (NYSE:WTW) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,700 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Swiss National Bank’s holdings in Weight Watchers International were worth $2,156,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in WTW. Macquarie Group Ltd. boosted its stake in Weight Watchers International by 29.0% during the third quarter. Macquarie Group Ltd. now owns 870,965 shares of the company’s stock worth $37,931,000 after acquiring an additional 195,548 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Weight Watchers International by 122.8% during the third quarter. Dimensional Fund Advisors LP now owns 580,953 shares of the company’s stock worth $25,300,000 after acquiring an additional 320,227 shares in the last quarter. State Street Corp boosted its stake in Weight Watchers International by 8.5% during the second quarter. State Street Corp now owns 541,951 shares of the company’s stock worth $18,112,000 after acquiring an additional 42,554 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Weight Watchers International during the fourth quarter worth about $20,739,000. Finally, 1060 Capital LLC bought a new stake in Weight Watchers International during the fourth quarter worth about $18,124,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
WTW has been the topic of several research reports. B. Riley set a $98.00 price objective on shares of Weight Watchers International and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Zacks Investment Research raised shares of Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, November 21st. Craig Hallum boosted their price objective on shares of Weight Watchers International from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Sidoti raised shares of Weight Watchers International from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. Finally, ValuEngine raised shares of Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $72.00.
In other news, Director Oprah Winfrey sold 2,359,702 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $60.48, for a total value of $142,714,776.96. Following the transaction, the director now owns 6,009,283 shares in the company, valued at $363,441,435.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 15.75% of the company’s stock.
Weight Watchers International, Inc. (NYSE:WTW) opened at $63.58 on Friday. The stock has a market cap of $4,150.00, a P/E ratio of 45.41, a PEG ratio of 1.62 and a beta of 3.17. Weight Watchers International, Inc. has a 52 week low of $14.12 and a 52 week high of $77.19. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of -1.71.
Weight Watchers International (NYSE:WTW) last issued its earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $312.50 million for the quarter, compared to the consensus estimate of $309.35 million. Weight Watchers International had a net margin of 12.52% and a negative return on equity of 10.38%. research analysts forecast that Weight Watchers International, Inc. will post 2.58 EPS for the current year.
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About Weight Watchers International
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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