Weight Watchers International, Inc. (NYSE:WTW) CFO Nicholas P. Hotchkin sold 131,466 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $75.66, for a total value of $9,946,717.56. Following the sale, the chief financial officer now directly owns 99,311 shares of the company’s stock, valued at approximately $7,513,870.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of WTW stock opened at $69.73 on Thursday. Weight Watchers International, Inc. has a 52 week low of $40.93 and a 52 week high of $105.73. The firm has a market capitalization of $4.99 billion, a P/E ratio of 42.26, a price-to-earnings-growth ratio of 1.26 and a beta of 2.95. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of -1.77.
Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Monday, August 6th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Weight Watchers International had a negative return on equity of 16.18% and a net margin of 14.96%. The company had revenue of $409.70 million during the quarter, compared to analyst estimates of $409.49 million. During the same quarter last year, the firm posted $0.67 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. sell-side analysts anticipate that Weight Watchers International, Inc. will post 2.97 EPS for the current fiscal year.
A number of analysts have recently weighed in on WTW shares. SunTrust Banks started coverage on Weight Watchers International in a research note on Tuesday, May 15th. They set a “buy” rating and a $90.00 price objective for the company. ValuEngine raised Weight Watchers International from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 18th. Bank of America started coverage on Weight Watchers International in a research note on Tuesday, June 5th. They set a “buy” rating and a $95.00 price objective for the company. JPMorgan Chase & Co. began coverage on Weight Watchers International in a research note on Tuesday, June 12th. They set an “overweight” rating and a $105.00 price objective for the company. Finally, DA Davidson began coverage on Weight Watchers International in a research note on Tuesday, June 12th. They issued a “buy” rating and a $143.00 price target for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Weight Watchers International currently has a consensus rating of “Buy” and a consensus price target of $103.55.
A number of hedge funds have recently made changes to their positions in WTW. Hillsdale Investment Management Inc. purchased a new stake in Weight Watchers International in the first quarter worth $102,000. C M Bidwell & Associates Ltd. bought a new position in Weight Watchers International in the first quarter worth $139,000. Envestnet Asset Management Inc. bought a new position in Weight Watchers International in the first quarter worth $155,000. Bank of Montreal Can bought a new position in Weight Watchers International in the second quarter worth $174,000. Finally, Evanston Investments Inc. dba Evanston Advisors bought a new position in Weight Watchers International in the second quarter worth $202,000. 91.37% of the stock is owned by institutional investors.
Weight Watchers International Company Profile
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.
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