Weight Watchers International (NASDAQ:WW) Shares Down 5%

Weight Watchers International, Inc. (NASDAQ:WW)’s share price dropped 5% during trading on Friday . The stock traded as low as $27.58 and last traded at $27.70, approximately 1,858,245 shares traded hands during trading. A decline of 47% from the average daily volume of 3,487,214 shares. The stock had previously closed at $29.17.

WW has been the topic of several research analyst reports. ValuEngine upgraded Weight Watchers International from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. KeyCorp restated a “hold” rating on shares of Weight Watchers International in a research report on Wednesday, August 7th. Zacks Investment Research lowered Weight Watchers International from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. Morgan Stanley set a $25.00 target price on Weight Watchers International and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Bank of America upgraded Weight Watchers International from an “underperform” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Weight Watchers International currently has an average rating of “Hold” and a consensus price target of $28.57.

The company’s 50-day moving average price is $24.92. The firm has a market cap of $1.90 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.11 and a beta of 2.38.



Weight Watchers International (NASDAQ:WW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. Weight Watchers International had a negative return on equity of 19.39% and a net margin of 10.99%. The business had revenue of $369.02 million for the quarter, compared to the consensus estimate of $376.11 million. Weight Watchers International’s revenue for the quarter was down 9.9% on a year-over-year basis. Analysts expect that Weight Watchers International, Inc. will post 1.7 EPS for the current fiscal year.

In related news, insider Corinne Pollier-Bousquet sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $29.19, for a total transaction of $116,760.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Michael F. Colosi sold 16,993 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $17.03, for a total value of $289,390.79. The disclosure for this sale can be found here. 12.03% of the stock is currently owned by corporate insiders.

About Weight Watchers International (NASDAQ:WW)

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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