Weight Watchers International (WTW) Rating Lowered to Neutral at JPMorgan Chase & Co.

Weight Watchers International (NYSE:WTW) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $37.00 price objective on the stock, down from their previous price objective of $70.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 12.34% from the company’s previous close.

WTW has been the subject of several other research reports. Zacks Investment Research lowered shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Saturday, October 13th. KeyCorp decreased their price target on shares of Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. Morgan Stanley started coverage on shares of Weight Watchers International in a report on Thursday, September 13th. They issued an “equal weight” rating and a $76.00 price target for the company. Bank of America decreased their price target on shares of Weight Watchers International from $105.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, October 4th. Finally, Craig Hallum reissued a “positive” rating and issued a $80.00 price target (down previously from $120.00) on shares of Weight Watchers International in a report on Tuesday. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Weight Watchers International presently has an average rating of “Buy” and a consensus price target of $85.08.

WTW traded down $2.15 during trading on Friday, reaching $32.93. 4,372,226 shares of the company’s stock were exchanged, compared to its average volume of 3,790,415. Weight Watchers International has a fifty-two week low of $34.78 and a fifty-two week high of $105.73.



Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Thursday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The firm had revenue of $365.80 million during the quarter, compared to analyst estimates of $377.95 million. During the same period last year, the firm earned $0.65 EPS. Weight Watchers International’s quarterly revenue was up 13.0% on a year-over-year basis.

In related news, insider Mindy F. Grossman acquired 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average cost of $50.10 per share, with a total value of $350,700.00. Following the transaction, the insider now owns 48,533 shares of the company’s stock, valued at approximately $2,431,503.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Corinne Pollier-Bousquet sold 2,019 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $51.26, for a total transaction of $103,493.94. Following the completion of the sale, the insider now directly owns 26,183 shares in the company, valued at $1,342,140.58. The disclosure for this sale can be found here. Insiders own 12.31% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama lifted its position in Weight Watchers International by 0.7% during the 4th quarter. Retirement Systems of Alabama now owns 50,261 shares of the company’s stock worth $1,938,000 after buying an additional 325 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Weight Watchers International by 14.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,600 shares of the company’s stock worth $331,000 after buying an additional 580 shares in the last quarter. Vanguard Group Inc lifted its position in Weight Watchers International by 16.4% during the 3rd quarter. Vanguard Group Inc now owns 5,326,712 shares of the company’s stock worth $383,471,000 after buying an additional 750,351 shares in the last quarter. Federated Investors Inc. PA lifted its position in Weight Watchers International by 37.5% during the 3rd quarter. Federated Investors Inc. PA now owns 601,016 shares of the company’s stock worth $43,268,000 after buying an additional 164,067 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Weight Watchers International by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,326,712 shares of the company’s stock worth $383,471,000 after buying an additional 750,351 shares in the last quarter. 91.34% of the stock is currently owned by institutional investors and hedge funds.

Weight Watchers International Company Profile

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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Analyst Recommendations for Weight Watchers International (NYSE:WTW)

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