ValuEngine Lowers Weight Watchers (WTW) to Hold

Weight Watchers (NYSE:WTW) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday, April 2nd.

Several other analysts have also weighed in on WTW. Craig Hallum lifted their target price on Weight Watchers from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded Weight Watchers from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research note on Tuesday, March 6th. B. Riley reiterated a “buy” rating and set a $98.00 price objective (up from $86.00) on shares of Weight Watchers in a research report on Wednesday, February 28th. Finally, Sidoti upgraded Weight Watchers from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $72.00.

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NYSE:WTW traded up $2.17 during mid-day trading on Monday, hitting $67.55. The company had a trading volume of 923,769 shares, compared to its average volume of 1,848,176. Weight Watchers has a 1 year low of $17.30 and a 1 year high of $77.19. The firm has a market capitalization of $4,140.28, a PE ratio of 39.62, a price-to-earnings-growth ratio of 1.65 and a beta of 3.22. The company has a debt-to-equity ratio of -1.71, a current ratio of 0.61 and a quick ratio of 0.52.

Weight Watchers (NYSE:WTW) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.06. The firm had revenue of $312.50 million during the quarter, compared to analyst estimates of $309.35 million. Weight Watchers had a negative return on equity of 10.38% and a net margin of 12.52%. equities analysts anticipate that Weight Watchers will post 2.58 EPS for the current year.

In related news, Director Denis F. Kelly purchased 2,200 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were bought at an average price of $62.43 per share, with a total value of $137,346.00. Following the completion of the acquisition, the director now owns 41,852 shares of the company’s stock, valued at $2,612,820.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Oprah Winfrey sold 262,860 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $62.92, for a total value of $16,539,151.20. Following the completion of the transaction, the director now directly owns 6,009,283 shares in the company, valued at approximately $378,104,086.36. The disclosure for this sale can be found here. Corporate insiders own 12.31% of the company’s stock.

A number of large investors have recently made changes to their positions in WTW. Renaissance Technologies LLC grew its holdings in shares of Weight Watchers by 605.2% during the 4th quarter. Renaissance Technologies LLC now owns 692,500 shares of the company’s stock valued at $30,664,000 after acquiring an additional 594,300 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Weight Watchers during the 4th quarter valued at $20,739,000. 1060 Capital LLC purchased a new position in shares of Weight Watchers during the 4th quarter valued at $18,124,000. Dimensional Fund Advisors LP grew its holdings in shares of Weight Watchers by 122.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 580,953 shares of the company’s stock valued at $25,300,000 after acquiring an additional 320,227 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Weight Watchers by 28.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,121,868 shares of the company’s stock valued at $49,676,000 after acquiring an additional 250,903 shares in the last quarter. 92.10% of the stock is currently owned by institutional investors.

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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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