Vetr cut shares of Weight Watchers International Inc. (NYSE:WTW) from a strong-buy rating to a hold rating in a report issued on Wednesday morning. The brokerage currently has $10.24 price target on the stock.
Separately, Zacks Investment Research raised Weight Watchers International from a sell rating to a hold rating in a research report on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Weight Watchers International presently has an average rating of Hold and an average target price of $18.32.
Shares of Weight Watchers International (NYSE:WTW) opened at 10.28 on Wednesday. Weight Watchers International has a 52 week low of $6.68 and a 52 week high of $28.05. The firm has a market cap of $656.50 million, a PE ratio of 21.33 and a beta of 3.17. The stock has a 50 day moving average price of $10.39 and a 200 day moving average price of $12.34.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $310 million for the quarter, compared to analysts’ expectations of $318.30 million. Weight Watchers International had a negative return on equity of 3.07% and a net margin of 2.63%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Equities analysts expect that Weight Watchers International will post $0.94 earnings per share for the current year.
Several large investors have recently bought and sold shares of WTW. Hussman Strategic Advisors Inc. raised its stake in Weight Watchers International by 20.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 600,000 shares of the company’s stock valued at $6,978,000 after buying an additional 100,000 shares during the period. Bank of New York Mellon Corp raised its stake in Weight Watchers International by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 143,968 shares of the company’s stock valued at $1,674,000 after buying an additional 5,625 shares during the period. Smith Asset Management Group LP raised its stake in Weight Watchers International by 4.3% in the second quarter. Smith Asset Management Group LP now owns 89,530 shares of the company’s stock valued at $1,041,000 after buying an additional 3,700 shares during the period. Sigma Planning Corp raised its stake in Weight Watchers International by 1.2% in the second quarter. Sigma Planning Corp now owns 15,480 shares of the company’s stock valued at $180,000 after buying an additional 180 shares during the period. Finally, Palo Capital Inc. raised its stake in Weight Watchers International by 162.5% in the second quarter. Palo Capital Inc. now owns 37,006 shares of the company’s stock valued at $430,000 after buying an additional 22,906 shares during the period. Hedge funds and other institutional investors own 91.90% of the company’s stock.
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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