Weight Watchers International (NYSE:WTW) had its target price reduced by Bank of America from $95.00 to $85.00 in a research note issued to investors on Friday morning, MarketBeat.com reports. They currently have a buy rating on the stock.
A number of other analysts have also commented on WTW. ValuEngine lowered Weight Watchers International from a strong-buy rating to a buy rating in a report on Wednesday, August 8th. KeyCorp assumed coverage on Weight Watchers International in a report on Monday, July 9th. They issued an overweight rating and a $115.00 price target on the stock. B. Riley boosted their price target on Weight Watchers International from $103.00 to $113.00 and gave the company a buy rating in a report on Tuesday, August 7th. Zacks Investment Research lowered Weight Watchers International from a strong-buy rating to a hold rating in a report on Saturday, July 7th. Finally, Oppenheimer assumed coverage on Weight Watchers International in a report on Wednesday, August 29th. They issued an outperform rating and a $98.00 price target on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $93.58.
WTW stock opened at $48.13 on Friday. Weight Watchers International has a 1-year low of $41.15 and a 1-year high of $105.73.
Weight Watchers International (NYSE:WTW) last posted its earnings results on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The business had revenue of $365.80 million for the quarter, compared to the consensus estimate of $377.95 million. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share.
In related news, CFO Nicholas P. Hotchkin sold 131,466 shares of the company’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $75.66, for a total transaction of $9,946,717.56. Following the sale, the chief financial officer now owns 99,311 shares in the company, valued at $7,513,870.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Corinne Pollier-Bousquet sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $80.00, for a total value of $200,000.00. Following the sale, the insider now owns 29,456 shares in the company, valued at approximately $2,356,480. The disclosure for this sale can be found here. Insiders have sold 6,195,223 shares of company stock worth $470,747,775 in the last quarter. 12.31% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTW. Stratos Wealth Partners LTD. acquired a new position in Weight Watchers International during the third quarter worth approximately $135,000. Cerebellum GP LLC acquired a new position in Weight Watchers International during the third quarter worth approximately $137,000. First Hawaiian Bank acquired a new position in Weight Watchers International during the third quarter worth approximately $138,000. Bank of Montreal Can acquired a new position in Weight Watchers International during the second quarter worth approximately $174,000. Finally, Evanston Investments Inc. dba Evanston Advisors acquired a new position in Weight Watchers International during the second quarter worth approximately $202,000. Institutional investors and hedge funds own 91.34% of the company’s stock.
Weight Watchers International Company Profile
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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