Weight Watchers (WTW) Raised to Strong-Buy at ValuEngine

ValuEngine upgraded shares of Weight Watchers (NYSE:WTW) from a buy rating to a strong-buy rating in a research report report published on Friday.

Other equities analysts have also recently issued reports about the company. SunTrust Banks initiated coverage on Weight Watchers in a report on Tuesday, May 15th. They issued a buy rating and a $90.00 target price on the stock. B. Riley raised their price target on Weight Watchers to $103.00 and gave the company a buy rating in a report on Friday, May 4th. Sidoti raised Weight Watchers from a neutral rating to a buy rating in a report on Monday, March 5th. Craig Hallum raised their price target on Weight Watchers from $80.00 to $100.00 and gave the company a buy rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research raised Weight Watchers from a strong sell rating to a hold rating in a report on Friday, January 26th. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $91.25.

Shares of Weight Watchers stock opened at $78.95 on Friday. Weight Watchers has a one year low of $23.75 and a one year high of $83.98. The firm has a market capitalization of $5.23 billion, a P/E ratio of 47.85, a P/E/G ratio of 1.84 and a beta of 3.23. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of -1.70.

Weight Watchers (NYSE:WTW) last announced its earnings results on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.06. Weight Watchers had a negative return on equity of 12.95% and a net margin of 13.85%. The company had revenue of $312.50 million for the quarter, compared to analysts’ expectations of $309.35 million. analysts forecast that Weight Watchers will post 2.86 earnings per share for the current year.

In other Weight Watchers news, Director Oprah Winfrey sold 262,860 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $62.92, for a total transaction of $16,539,151.20. Following the sale, the director now directly owns 6,009,283 shares of the company’s stock, valued at $378,104,086.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Corinne Pollier-Bousquet sold 12,573 shares of the firm’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 sale, the insider now directly owns 38,146 shares in the company, valued at $2,670,220. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,635,135 shares of company stock worth $160,134,038. Insiders own 12.31% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Weight Watchers by 2.4% in the fourth quarter. BlackRock Inc. now owns 1,779,384 shares of the company’s stock worth $78,790,000 after purchasing an additional 41,714 shares during the last quarter. Alambic Investment Management L.P. increased its holdings in shares of Weight Watchers by 208.5% in the fourth quarter. Alambic Investment Management L.P. now owns 61,400 shares of the company’s stock worth $2,719,000 after purchasing an additional 41,500 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Weight Watchers by 7.4% in the fourth quarter. Mizuho Securities USA LLC now owns 35,000 shares of the company’s stock worth $1,550,000 after purchasing an additional 2,400 shares during the last quarter. Delpha Capital Management LLC bought a new stake in shares of Weight Watchers in the fourth quarter worth about $257,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Weight Watchers in the fourth quarter worth about $1,483,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

About Weight Watchers

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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