Craig Hallum Reiterates “Buy” Rating for Weight Watchers International Inc (WTW)

Craig Hallum reiterated their buy rating on shares of Weight Watchers International Inc (NYSE:WTW) in a research report sent to investors on Tuesday, The Fly reports. Craig Hallum currently has a $70.00 price target on the stock, up from their previous price target of $50.00.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Weight Watchers International from a strong-buy rating to a hold rating in a research note on Thursday, October 12th. ValuEngine downgraded Weight Watchers International from a buy rating to a hold rating in a research note on Monday, October 2nd. Finally, BidaskClub raised Weight Watchers International from a buy rating to a strong-buy rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $35.95.

Shares of Weight Watchers International (NYSE WTW) opened at $44.29 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.96 and a debt-to-equity ratio of -1.74. Weight Watchers International has a 12 month low of $9.88 and a 12 month high of $54.47. The stock has a market capitalization of $2,970.97, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 1.71 and a beta of 2.99.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Monday, November 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. Weight Watchers International had a negative return on equity of 8.81% and a net margin of 9.03%. The business had revenue of $323.70 million for the quarter, compared to the consensus estimate of $319.40 million. During the same quarter in the previous year, the company posted $0.53 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. sell-side analysts expect that Weight Watchers International will post 1.8 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTW. Karp Capital Management Corp bought a new position in shares of Weight Watchers International during the 1st quarter valued at approximately $174,000. Sei Investments Co. increased its position in shares of Weight Watchers International by 3,364.2% during the 3rd quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock valued at $181,000 after purchasing an additional 4,037 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Weight Watchers International during the 1st quarter valued at approximately $210,000. Trexquant Investment LP bought a new position in shares of Weight Watchers International during the 3rd quarter valued at approximately $216,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Weight Watchers International during the 3rd quarter valued at approximately $226,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

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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