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.
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.
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.
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