Weight Watchers International (WTW) Shares Gap Up to $66.86

Shares of Weight Watchers International, Inc. (NYSE:WTW) gapped up before the market opened on Monday . The stock had previously closed at $69.06, but opened at $66.86. Weight Watchers International shares last traded at $65.91, with a volume of 30251 shares traded.

WTW has been the subject of several research reports. UBS Group initiated coverage on Weight Watchers International in a research report on Monday, July 9th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price target on Weight Watchers International to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. Bank of America dropped their price target on Weight Watchers International from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. Oppenheimer began coverage on Weight Watchers International in a report on Wednesday, August 29th. They issued an “outperform” rating and a $98.00 target price for the company. Finally, KeyCorp began coverage on Weight Watchers International in a report on Monday, July 9th. They issued an “overweight” rating and a $115.00 target price for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Weight Watchers International currently has an average rating of “Buy” and an average price target of $101.25.

The company has a debt-to-equity ratio of -1.77, a current ratio of 0.77 and a quick ratio of 0.72. The firm has a market cap of $4.80 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 1.07 and a beta of 2.96.

Weight Watchers International (NYSE:WTW) last issued its earnings results on Monday, August 6th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.13. The company had revenue of $409.70 million during the quarter, compared to analysts’ expectations of $409.49 million. Weight Watchers International had a negative return on equity of 16.18% and a net margin of 14.96%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. On average, analysts forecast that Weight Watchers International, Inc. will post 2.98 EPS for the current year.

In other news, major shareholder S.A. Westend sold 6,000,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $76.00, for a total transaction of $456,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philippe Amouyal sold 7,500 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $75.59, for a total value of $566,925.00. Following the transaction, the director now owns 54,269 shares of the company’s stock, valued at $4,102,193.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,195,223 shares of company stock valued at $470,747,775. Company insiders own 12.31% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Weight Watchers International by 24.7% during the 2nd quarter. FMR LLC now owns 8,732,146 shares of the company’s stock worth $882,820,000 after purchasing an additional 1,729,188 shares during the period. BlackRock Inc. grew its holdings in shares of Weight Watchers International by 38.0% during the 2nd quarter. BlackRock Inc. now owns 2,526,524 shares of the company’s stock worth $255,432,000 after purchasing an additional 696,255 shares during the period. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Weight Watchers International by 61.2% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,820,283 shares of the company’s stock worth $184,031,000 after purchasing an additional 691,418 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Weight Watchers International by 13.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 975,637 shares of the company’s stock worth $62,168,000 after purchasing an additional 116,065 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in shares of Weight Watchers International during the 2nd quarter worth $83,761,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

Weight Watchers International Company Profile (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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