Goldman Sachs Group initiated coverage on shares of Weight Watchers International (NYSE:WTW) in a report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $73.00 price objective on the stock.
A number of other equities analysts have also recently commented on the stock. UBS Group cut their price target on shares of Weight Watchers International from $110.00 to $100.00 and set a neutral rating for the company in a research note on Tuesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Weight Watchers International to $120.00 and gave the stock an overweight rating in a research note on Tuesday, August 7th. Zacks Investment Research cut shares of Weight Watchers International from a strong-buy rating to a hold rating in a research note on Saturday, July 7th. B. Riley boosted their price target on shares of Weight Watchers International from $103.00 to $113.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. Finally, KeyCorp started coverage on shares of Weight Watchers International in a research note on Monday, July 9th. They issued an overweight rating and a $115.00 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. The company has an average rating of Buy and a consensus price target of $103.55.
WTW stock opened at $66.85 on Tuesday. The company has a debt-to-equity ratio of -1.77, a current ratio of 0.77 and a quick ratio of 0.72. Weight Watchers International has a one year low of $40.93 and a one year high of $105.73. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 1.04 and a beta of 2.93.
Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Monday, August 6th. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.13. Weight Watchers International had a net margin of 14.96% and a negative return on equity of 16.18%. The business had revenue of $409.70 million during the quarter, compared to analysts’ expectations of $409.49 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. equities research analysts forecast that Weight Watchers International will post 2.97 earnings per share for the current fiscal year.
In other news, major shareholder S.A. Westend sold 6,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $76.00, for a total value of $456,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Corinne Pollier-Bousquet sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. Following the completion of the sale, the insider now owns 29,456 shares of the company’s stock, valued at $2,356,480. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,195,223 shares of company stock valued at $470,747,775. Company insiders own 12.31% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Weight Watchers International by 24.7% in the 2nd quarter. FMR LLC now owns 8,732,146 shares of the company’s stock worth $882,820,000 after acquiring an additional 1,729,188 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Weight Watchers International by 38.0% in the 2nd quarter. BlackRock Inc. now owns 2,526,524 shares of the company’s stock worth $255,432,000 after acquiring an additional 696,255 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in Weight Watchers International by 61.2% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,820,283 shares of the company’s stock valued at $184,031,000 after buying an additional 691,418 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Weight Watchers International during the 1st quarter valued at $82,450,000. Finally, Dimensional Fund Advisors LP raised its holdings in Weight Watchers International by 13.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 975,637 shares of the company’s stock valued at $62,168,000 after buying an additional 116,065 shares during the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.
About Weight Watchers International
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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