Vetr upgraded shares of Weight Watchers International, Inc. (NYSE:WTW) from a hold rating to a buy rating in a research report released on Tuesday, MarketBeat Ratings reports. The firm currently has $14.29 target price on the stock.
Several other equities analysts have also weighed in on the stock. Barclays restated a hold rating on shares of Weight Watchers International in a report on Saturday, February 27th. Zacks Investment Research lowered shares of Weight Watchers International from a buy rating to a hold rating in a report on Friday, February 19th. Finally, Craig Hallum increased their price objective on shares of Weight Watchers International from $28.00 to $35.00 and gave the company a buy rating in a report on Monday, December 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Weight Watchers International currently has an average rating of Hold and a consensus price target of $15.38.
Other large investors recently modified their holdings of the company. Smith Asset Management Group LP raised its stake in shares of Weight Watchers International by 640.8% in the fourth quarter. Smith Asset Management Group LP now owns 50,890 shares of the company’s stock worth $1,160,000 after buying an additional 44,020 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of Weight Watchers International during the fourth quarter worth approximately $1,163,000. California State Teachers Retirement System raised its stake in shares of Weight Watchers International by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 51,202 shares of the company’s stock worth $1,167,000 after buying an additional 935 shares during the last quarter. Santa Fe Partners LLC bought a new stake in shares of Weight Watchers International during the fourth quarter worth approximately $1,364,000. Finally, Russell Frank Co bought a new stake in shares of Weight Watchers International during the fourth quarter worth approximately $1,867,000.
Shares of Weight Watchers International (NYSE:WTW) opened at 13.66 on Tuesday. Weight Watchers International has a one year low of $3.67 and a one year high of $28.05. The company has a market capitalization of $869.06 million and a PE ratio of 24.39. The company has a 50-day moving average of $12.83 and a 200-day moving average of $14.92.
Weight Watchers International (NYSE:WTW) last announced its quarterly earnings data on Thursday, February 25th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.05. During the same quarter in the prior year, the company earned $0.07 EPS. The company had revenue of $259.20 million for the quarter, compared to analyst estimates of $257.21 million. Weight Watchers International’s revenue for the quarter was down 20.9% compared to the same quarter last year. On average, analysts anticipate that Weight Watchers International will post $0.83 earnings per share for the current year.
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 provides Services and Products including: Weight Management Plans, Clinical Efficacy, and Meetings. Weight Management Plans, provides weight management program comprised of nutritional, exercise and behavioral tools and approaches.
Source: Mideast Times