Weight Watchers International, Inc. (NASDAQ:WW) Sees Significant Decline in Short Interest

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Weight Watchers International, Inc. (NASDAQ:WW) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 5,230,000 shares, a drop of 27.4% from the September 30th total of 7,200,000 shares. Approximately 8.6% of the shares of the stock are sold short. Based on an average daily volume of 1,810,000 shares, the days-to-cover ratio is currently 2.9 days.

In related news, insider Corinne Pollier-Bousquet sold 5,250 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $37.22, for a total transaction of $195,405.00. Company insiders own 12.03% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Symons Capital Management Inc. bought a new stake in shares of Weight Watchers International in the 3rd quarter valued at approximately $209,000. SG Americas Securities LLC bought a new stake in shares of Weight Watchers International in the 3rd quarter valued at approximately $511,000. Gabelli Funds LLC bought a new stake in shares of Weight Watchers International in the 3rd quarter valued at approximately $359,000. Russell Investments Group Ltd. bought a new stake in shares of Weight Watchers International in the 3rd quarter valued at approximately $9,101,000. Finally, LS Investment Advisors LLC bought a new stake in shares of Weight Watchers International in the 3rd quarter valued at approximately $107,000. 86.46% of the stock is owned by institutional investors and hedge funds.

WW has been the subject of several research analyst reports. B. Riley upgraded Weight Watchers International from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.50 to $40.00 in a report on Wednesday, August 7th. ValuEngine cut Weight Watchers International from a “buy” rating to a “hold” rating in a report on Monday. SunTrust Banks raised their price target on Weight Watchers International to $32.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Bank of America upgraded Weight Watchers International from an “underperform” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, August 7th. Finally, DA Davidson cut Weight Watchers International from a “buy” rating to a “neutral” rating and cut their price target for the company from $44.00 to $33.00 in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Weight Watchers International presently has an average rating of “Hold” and a consensus price target of $34.64.

NASDAQ:WW opened at $35.72 on Friday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.30 and a beta of 2.29. Weight Watchers International has a 1 year low of $16.71 and a 1 year high of $52.67. The business has a 50 day simple moving average of $35.70 and a 200-day simple moving average of $27.61.

Weight Watchers International (NASDAQ:WW) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The business had revenue of $348.60 million during the quarter, compared to analyst estimates of $352.72 million. Weight Watchers International had a negative return on equity of 17.17% and a net margin of 9.50%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company earned $1.00 EPS. On average, analysts expect that Weight Watchers International will post 1.73 earnings per share for the current year.

About Weight Watchers International

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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