Weight Watchers International (WTW) Trading Down 5.1%

Weight Watchers International, Inc. (NYSE:WTW)’s share price was down 5.1% during mid-day trading on Friday . The company traded as low as $31.58 and last traded at $33.30. Approximately 8,202,256 shares were traded during mid-day trading, an increase of 89% from the average daily volume of 4,342,068 shares. The stock had previously closed at $35.08.

A number of research firms have recently weighed in on WTW. JPMorgan Chase & Co. set a $70.00 target price on Weight Watchers International and gave the company a “buy” rating in a research note on Tuesday, November 27th. Bank of America lowered their target price on Weight Watchers International from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Morgan Stanley began coverage on Weight Watchers International in a research note on Thursday, September 13th. They issued an “equal weight” rating and a $76.00 target price for the company. Zacks Investment Research raised Weight Watchers International from a “sell” rating to a “hold” rating and set a $43.00 target price for the company in a research note on Sunday, January 6th. Finally, KeyCorp lowered their target price on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $85.08.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings results on Thursday, November 1st. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The business had revenue of $365.80 million for the quarter, compared to the consensus estimate of $377.95 million. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS.

In other news, insider Corinne Pollier-Bousquet sold 2,019 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $51.26, for a total value of $103,493.94. Following the completion of the transaction, the insider now owns 26,183 shares of the company’s stock, valued at approximately $1,342,140.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mindy F. Grossman bought 7,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average cost of $50.10 per share, with a total value of $350,700.00. Following the transaction, the insider now directly owns 48,533 shares in the company, valued at approximately $2,431,503.30. The disclosure for this purchase can be found here. Corporate insiders own 12.31% of the company’s stock.

Large investors have recently made changes to their positions in the company. Granahan Investment Management Inc. MA raised its position in shares of Weight Watchers International by 623.2% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 350,961 shares of the company’s stock worth $35,482,000 after acquiring an additional 302,431 shares in the last quarter. Securian Asset Management Inc bought a new position in shares of Weight Watchers International in the 3rd quarter worth approximately $341,000. HWG Holdings LP bought a new position in shares of Weight Watchers International in the 2nd quarter worth approximately $3,161,000. Massachusetts Financial Services Co. MA raised its position in shares of Weight Watchers International by 62.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 69,772 shares of the company’s stock worth $5,023,000 after acquiring an additional 26,859 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Weight Watchers International in the 2nd quarter worth approximately $509,000. 91.34% of the stock is owned by hedge funds and other institutional investors.

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About Weight Watchers International (NYSE:WTW)

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.

Further Reading: Asset Allocation, Balancing Your Investments

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