Equities research analysts expect that Weight Watchers International, Inc. (NYSE:WTW) will post sales of $349.01 million for the current quarter, Zacks reports. Six analysts have provided estimates for Weight Watchers International’s earnings, with the highest sales estimate coming in at $350.40 million and the lowest estimate coming in at $347.60 million. Weight Watchers International reported sales of $312.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.7%. The firm is expected to report its next quarterly earnings report on Tuesday, February 26th.
On average, analysts expect that Weight Watchers International will report full year sales of $1.53 billion for the current year. For the next fiscal year, analysts expect that the company will report sales of $1.69 billion, with estimates ranging from $1.62 billion to $1.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Weight Watchers International.
A number of equities analysts have weighed in on WTW shares. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 13th. Bank of America decreased their price objective on Weight Watchers International from $95.00 to $85.00 and set a “buy” rating for the company in a report on Friday, November 2nd. JPMorgan Chase & Co. downgraded Weight Watchers International from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $37.00 in a report on Friday, January 11th. TheStreet downgraded Weight Watchers International from a “b-” rating to a “c+” rating in a report on Monday, January 14th. Finally, Morgan Stanley set a $69.00 price objective on Weight Watchers International and gave the company a “hold” rating in a report on Saturday, November 3rd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $85.08.
In other Weight Watchers International news, insider Corinne Pollier-Bousquet sold 2,019 shares of the stock in a transaction dated Thursday, November 29th. The stock was 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 approximately $1,342,140.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.31% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. FMR LLC lifted its stake in Weight Watchers International by 24.7% in the second 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 last quarter. Bank of America Corp DE lifted its position in shares of Weight Watchers International by 456.2% during the 2nd quarter. Bank of America Corp DE now owns 122,192 shares of the company’s stock worth $12,354,000 after buying an additional 100,222 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Weight Watchers International by 25.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 221,917 shares of the company’s stock worth $22,435,000 after buying an additional 45,423 shares during the period. Northern Trust Corp lifted its position in shares of Weight Watchers International by 36.3% during the 2nd quarter. Northern Trust Corp now owns 477,227 shares of the company’s stock worth $48,248,000 after buying an additional 126,993 shares during the period. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of Weight Watchers International during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 91.34% of the company’s stock.
About Weight Watchers International
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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