Weight Watchers International (NYSE:WTW) received a $98.00 target price from B. Riley in a research note issued on Wednesday, March 14th. The firm presently has a “buy” rating on the stock. B. Riley’s price objective would indicate a potential upside of 62.36% from the stock’s previous close.
A number of other analysts also recently issued reports on WTW. Craig Hallum raised their target price on Weight Watchers International from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Zacks Investment Research raised Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research report on Tuesday, March 6th. Sidoti raised Weight Watchers International from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Finally, ValuEngine raised Weight Watchers International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $72.00.
Shares of WTW traded down $3.74 on Wednesday, reaching $60.36. 1,459,724 shares of the company’s stock traded hands, compared to its average volume of 1,312,899. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of -1.71. The company has a market capitalization of $3,905.41, a price-to-earnings ratio of 36.58, a PEG ratio of 1.56 and a beta of 3.23. Weight Watchers International has a 52-week low of $15.60 and a 52-week high of $77.19.
Weight Watchers International (NYSE:WTW) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Weight Watchers International had a negative return on equity of 10.38% and a net margin of 12.52%. The company had revenue of $312.50 million during the quarter, compared to the consensus estimate of $309.35 million. equities research analysts predict that Weight Watchers International will post 2.58 earnings per share for the current year.
In other Weight Watchers International news, Director Denis F. Kelly acquired 2,200 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was bought at an average price of $62.43 per share, with a total value of $137,346.00. Following the completion of the purchase, the director now owns 41,852 shares of the company’s stock, valued at $2,612,820.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Oprah Winfrey sold 262,860 shares of Weight Watchers International stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $62.92, for a total value of $16,539,151.20. Following the sale, the director now directly owns 6,009,283 shares of the company’s stock, valued at approximately $378,104,086.36. The disclosure for this sale can be found here. 15.75% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new stake in Weight Watchers International during the fourth quarter valued at $597,000. Macquarie Group Ltd. lifted its stake in Weight Watchers International by 28.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,121,868 shares of the company’s stock worth $49,676,000 after purchasing an additional 250,903 shares during the last quarter. Verition Fund Management LLC lifted its stake in Weight Watchers International by 11.4% during the fourth quarter. Verition Fund Management LLC now owns 16,222 shares of the company’s stock worth $718,000 after purchasing an additional 1,663 shares during the last quarter. LPL Financial LLC lifted its stake in Weight Watchers International by 4.1% during the fourth quarter. LPL Financial LLC now owns 44,264 shares of the company’s stock worth $1,960,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in Weight Watchers International by 17.2% during the fourth quarter. Hanseatic Management Services Inc. now owns 7,050 shares of the company’s stock worth $312,000 after purchasing an additional 1,037 shares during the last quarter. 92.08% of the stock is owned by institutional investors.
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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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