Zacks Investment Research upgraded shares of Weight Watchers International (NYSE:WTW) from a hold rating to a strong-buy rating in a report released on Tuesday, November 21st. The firm currently has $52.00 price target on the stock.
According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “
Other analysts have also issued research reports about the stock. Craig Hallum restated a buy rating and issued a $70.00 target price (up previously from $50.00) on shares of Weight Watchers International in a research report on Tuesday, November 7th. ValuEngine lowered shares of Weight Watchers International from a buy rating to a hold rating in a report on Monday, October 2nd. Finally, BidaskClub lowered shares of Weight Watchers International from a strong-buy rating to a buy rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $35.55.
Weight Watchers International (WTW) traded up $1.28 during trading on Tuesday, reaching $45.72. 1,048,450 shares of the company’s stock traded hands, compared to its average volume of 1,560,039. The company has a market cap of $2,761.89, a PE ratio of 28.53, a P/E/G ratio of 1.82 and a beta of 2.96. The company has a debt-to-equity ratio of -1.74, a quick ratio of 0.88 and a current ratio of 0.96. Weight Watchers International has a 52-week low of $9.88 and a 52-week high of $54.47.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Monday, November 6th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The company had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $319.40 million. Weight Watchers International had a net margin of 9.03% and a negative return on equity of 8.81%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. equities analysts forecast that Weight Watchers International will post 1.57 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. increased its stake in Weight Watchers International by 3,364.2% in the third quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock valued at $181,000 after purchasing an additional 4,037 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Weight Watchers International during the third quarter worth about $216,000. Virginia Retirement Systems ET AL bought a new stake in shares of Weight Watchers International during the third quarter worth about $226,000. Bluestein R H & Co. bought a new stake in shares of Weight Watchers International during the third quarter worth about $240,000. Finally, Hanseatic Management Services Inc. increased its position in shares of Weight Watchers International by 11,463.5% during the third quarter. Hanseatic Management Services Inc. now owns 6,013 shares of the company’s stock worth $262,000 after acquiring an additional 5,961 shares in the last quarter. 86.52% of the stock is owned by hedge funds and other institutional investors.
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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