Zacks Investment Research upgraded shares of Weight Watchers International (NYSE:WTW) from a hold rating to a strong-buy rating in a report released on Tuesday. Zacks Investment Research currently has $72.00 target price on the stock.
According to Zacks, “Weight Watchers International, Inc. is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present thier scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity. “
WTW has been the topic of several other reports. B. Riley set a $98.00 price objective on shares of Weight Watchers International and gave the company a buy rating in a research report on Thursday, February 22nd. Craig Hallum lifted their price objective on shares of Weight Watchers International from $80.00 to $100.00 and gave the company a buy rating in a research report on Wednesday, February 28th. ValuEngine upgraded shares of Weight Watchers International from a hold rating to a buy rating in a research report on Thursday, March 1st. Finally, Sidoti upgraded shares of Weight Watchers International from a neutral rating to a buy rating in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $72.00.
Weight Watchers International (NYSE:WTW) last issued 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 for the quarter, compared to the consensus estimate of $309.35 million. Weight Watchers International had a net margin of 12.52% and a negative return on equity of 10.38%. equities analysts predict that Weight Watchers International will post 2.58 earnings per share for the current year.
In other Weight Watchers International news, Director Oprah Winfrey sold 262,860 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were 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 in the company, valued at approximately $378,104,086.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 15.75% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Alambic Investment Management L.P. raised its holdings in shares of Weight Watchers International by 208.5% in the 4th 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 in the last quarter. 361 Capital LLC bought a new stake in shares of Weight Watchers International in the 3rd quarter worth approximately $2,155,000. OxFORD Asset Management LLP bought a new stake in shares of Weight Watchers International in the 3rd quarter worth approximately $2,746,000. Mizuho Securities USA LLC raised its holdings in shares of Weight Watchers International by 7.4% in the 4th 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 in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Weight Watchers International in the 4th quarter worth approximately $1,483,000. Institutional investors own 91.64% of the company’s stock.
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About Weight Watchers International
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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