Weight Watchers International (NASDAQ:WW) Rating Lowered to Strong Sell at ValuEngine

Weight Watchers International (NASDAQ:WW) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday, ValuEngine reports.

A number of other equities analysts have also recently issued reports on WW. UBS Group cut their price objective on Weight Watchers International from $38.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Bank of America cut Weight Watchers International from a “buy” rating to an “underperform” rating in a report on Friday, March 20th. Guggenheim initiated coverage on Weight Watchers International in a report on Friday, June 12th. They issued a “buy” rating and a $28.00 price objective for the company. SunTrust Banks boosted their target price on Weight Watchers International from $13.00 to $26.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Finally, Zacks Investment Research lowered Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Weight Watchers International has a consensus rating of “Hold” and a consensus price target of $31.43.

Shares of NASDAQ WW opened at $25.66 on Thursday. The stock has a market cap of $1.73 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.22 and a beta of 2.58. Weight Watchers International has a fifty-two week low of $9.75 and a fifty-two week high of $47.19. The stock has a fifty day moving average of $25.23 and a 200-day moving average of $28.42.

Weight Watchers International (NASDAQ:WW) last posted its earnings results on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.19. Weight Watchers International had a negative return on equity of 17.70% and a net margin of 8.57%. The business had revenue of $400.40 million during the quarter, compared to analysts’ expectations of $402.72 million. During the same period in the previous year, the business earned ($0.16) earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Analysts predict that Weight Watchers International will post 1.68 EPS for the current fiscal year.

In other news, Director Oprah Winfrey sold 225,475 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $30.17, for a total transaction of $6,802,580.75. Following the transaction, the director now directly owns 5,077,458 shares of the company’s stock, valued at approximately $153,186,907.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 757,515 shares of company stock worth $20,463,937 over the last three months. Insiders own 12.48% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. New South Capital Management Inc. raised its holdings in Weight Watchers International by 23.1% in the 1st quarter. New South Capital Management Inc. now owns 922,924 shares of the company’s stock worth $15,607,000 after purchasing an additional 173,059 shares during the period. Geode Capital Management LLC raised its holdings in Weight Watchers International by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 818,663 shares of the company’s stock worth $31,281,000 after purchasing an additional 31,796 shares during the period. Bank of New York Mellon Corp bought a new position in Weight Watchers International in the 4th quarter worth $21,000,000. Russell Investments Group Ltd. raised its holdings in Weight Watchers International by 14.2% in the 1st quarter. Russell Investments Group Ltd. now owns 300,487 shares of the company’s stock worth $5,078,000 after purchasing an additional 37,313 shares during the period. Finally, Rhumbline Advisers raised its holdings in Weight Watchers International by 4.5% during the first quarter. Rhumbline Advisers now owns 159,664 shares of the company’s stock valued at $2,700,000 after acquiring an additional 6,813 shares during the period. 81.12% of the stock is currently owned by institutional investors.

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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