Morgan Stanley Reaffirms Hold Rating for Weight Watchers International (NASDAQ:WW)

Weight Watchers International (NASDAQ:WW)‘s stock had its “hold” rating reiterated by Morgan Stanley in a note issued to investors on Thursday, BenzingaRatingsTable reports. They presently have a $27.00 price objective on the stock, up from their prior price objective of $25.00. Morgan Stanley’s price target indicates a potential downside of 37.90% from the company’s current price.

A number of other brokerages have also recently weighed in on WW. UBS Group upped their target price on shares of Weight Watchers International from $26.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Bank of America raised shares of Weight Watchers International from an “underperform” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Weight Watchers International from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. B. Riley upgraded shares of Weight Watchers International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $23.50 to $40.00 in a research note on Wednesday, August 7th. Finally, ValuEngine raised Weight Watchers International from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Weight Watchers International currently has a consensus rating of “Hold” and an average price target of $35.73.

Shares of NASDAQ:WW traded down $0.22 during midday trading on Thursday, reaching $43.48. 6,855 shares of the company’s stock were exchanged, compared to its average volume of 2,948,908. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 1.67 and a beta of 2.33. Weight Watchers International has a fifty-two week low of $16.71 and a fifty-two week high of $51.68. The firm’s 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $29.73.

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

In other Weight Watchers International news, insider Corinne Pollier-Bousquet sold 9,364 shares of Weight Watchers International stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $41.00, for a total transaction of $383,924.00. Following the transaction, the insider now owns 26,000 shares of the company’s stock, valued at $1,066,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 27,322 shares of company stock worth $1,125,519 in the last quarter. Insiders own 12.03% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc acquired a new stake in Weight Watchers International during the 3rd quarter worth $56,000. Advisor Group Inc. increased its position in Weight Watchers International by 33.1% in the 2nd quarter. Advisor Group Inc. now owns 3,060 shares of the company’s stock valued at $58,000 after acquiring an additional 761 shares during the period. Captrust Financial Advisors acquired a new position in Weight Watchers International in the 2nd quarter valued at about $61,000. Flinton Capital Management LLC increased its position in Weight Watchers International by 23.1% in the 2nd quarter. Flinton Capital Management LLC now owns 4,864 shares of the company’s stock valued at $93,000 after acquiring an additional 912 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in Weight Watchers International by 22.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,400 shares of the company’s stock valued at $103,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.

Weight Watchers International Company Profile

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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Analyst Recommendations for Weight Watchers International (NASDAQ:WW)

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