Stifel Nicolaus Forecasts Strong Price Appreciation for OneSpaWorld (NASDAQ:OSW) Stock

OneSpaWorld (NASDAQ:OSW - Free Report) had its price target raised by Stifel Nicolaus from $24.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Truist Financial increased their price objective on OneSpaWorld from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd.

OneSpaWorld Stock Up 2.0 %

Shares of OSW stock traded up $0.37 during trading on Wednesday, hitting $19.19. 517,648 shares of the company were exchanged, compared to its average volume of 412,405. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 39.16 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The business's 50-day simple moving average is $19.45 and its 200 day simple moving average is $17.34. OneSpaWorld has a twelve month low of $11.98 and a twelve month high of $20.57.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.83%. OneSpaWorld's dividend payout ratio (DPR) is 32.65%.

Insider Activity at OneSpaWorld

In other news, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the transaction, the director now owns 545,432 shares of the company's stock, valued at $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen Lazarus sold 65,906 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $18.51, for a total transaction of $1,219,920.06. Following the completion of the sale, the chief financial officer now owns 490,675 shares of the company's stock, valued at $9,082,394.25. The trade was a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,906 shares of company stock valued at $2,988,120. Insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On OneSpaWorld

A number of institutional investors have recently made changes to their positions in OSW. Lord Abbett & CO. LLC boosted its holdings in OneSpaWorld by 53.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company's stock valued at $10,166,000 after purchasing an additional 214,557 shares during the period. State Street Corp raised its position in shares of OneSpaWorld by 3.0% during the third quarter. State Street Corp now owns 2,148,522 shares of the company's stock valued at $35,472,000 after buying an additional 61,568 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of OneSpaWorld in the second quarter valued at about $7,685,000. Royce & Associates LP acquired a new stake in OneSpaWorld during the third quarter worth about $2,295,000. Finally, Driehaus Capital Management LLC increased its stake in OneSpaWorld by 6.1% during the second quarter. Driehaus Capital Management LLC now owns 1,867,527 shares of the company's stock valued at $28,704,000 after acquiring an additional 106,910 shares during the period. 95.98% of the stock is currently owned by institutional investors.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.