Weight Watchers International (NYSE:WTW) had its price target hoisted by stock analysts at Craig Hallum from $100.00 to $120.00 in a report released on Monday. The firm currently has a “buy” rating on the stock. Craig Hallum’s price objective would indicate a potential upside of 21.04% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. B. Riley set a $98.00 target price on shares of Weight Watchers International and gave the company a “buy” rating in a report on Wednesday, March 14th. ValuEngine raised shares of Weight Watchers International from a “buy” rating to a “strong-buy” rating in a report on Friday, May 18th. DA Davidson assumed coverage on shares of Weight Watchers International in a report on Tuesday, June 12th. They issued a “buy” rating and a $143.00 target price on the stock. Bank of America assumed coverage on shares of Weight Watchers International in a report on Tuesday, June 5th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, SunTrust Banks assumed coverage on shares of Weight Watchers International in a report on Tuesday, May 15th. They issued a “buy” rating and a $90.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Weight Watchers International has a consensus rating of “Buy” and a consensus price target of $104.00.
NYSE:WTW traded down $1.23 on Monday, hitting $99.14. 52,374 shares of the company’s stock were exchanged, compared to its average volume of 1,349,403. The company has a debt-to-equity ratio of -1.70, a current ratio of 0.72 and a quick ratio of 0.65. The stock has a market capitalization of $6.39 billion, a PE ratio of 60.00, a price-to-earnings-growth ratio of 1.90 and a beta of 3.22. Weight Watchers International has a 52 week low of $28.71 and a 52 week high of $101.43.
Weight Watchers International (NYSE:WTW) last issued its earnings results on Thursday, May 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.25. The company had revenue of $408.20 million for the quarter, compared to analysts’ expectations of $388.49 million. Weight Watchers International had a net margin of 13.85% and a negative return on equity of 12.95%. Weight Watchers International’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS. analysts anticipate that Weight Watchers International will post 2.89 earnings per share for the current fiscal year.
In related news, insider Corinne Pollier-Bousquet sold 12,573 shares of the company’s stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $70.00, for a total value of $880,110.00. Following the transaction, the insider now owns 38,146 shares in the company, valued at approximately $2,670,220. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 12.31% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in WTW. Old Mutual Global Investors UK Ltd. acquired a new position in Weight Watchers International in the 1st quarter valued at about $82,450,000. Renaissance Technologies LLC grew its position in shares of Weight Watchers International by 605.2% during the 4th quarter. Renaissance Technologies LLC now owns 692,500 shares of the company’s stock worth $30,664,000 after purchasing an additional 594,300 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Weight Watchers International by 28.8% during the 4th 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 in the last quarter. Two Sigma Advisers LP grew its position in shares of Weight Watchers International by 171.7% during the 4th quarter. Two Sigma Advisers LP now owns 262,822 shares of the company’s stock worth $11,638,000 after purchasing an additional 166,100 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Weight Watchers International by 29.6% during the 1st quarter. Victory Capital Management Inc. now owns 607,074 shares of the company’s stock worth $38,682,000 after purchasing an additional 138,724 shares in the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.
About Weight Watchers International
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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