Today, a Director at Weight Watchers International (NYSE: WTW), Denis Kelly, bought shares of WTW for $286.4K.
Following this transaction Denis Kelly’s holding in the company was increased by 8.98% to a total of $3.47 million. Following Denis Kelly’s last WTW Buy transaction on March 12, 2018, the stock climbed by 6.6%.
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Based on Weight Watchers International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $410 million and quarterly net profit of $70.72 million. In comparison, last year the company earned revenue of $342 million and had a net profit of $45.17 million. WTW’s market cap is $4.76B and the company has a P/E ratio of 22.85. Currently, Weight Watchers International has an average volume of 1.71M.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $114.50, reflecting a -37.9% downside. 11 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Starting in August 2018, WTW received 6 Buy ratings in a row.
In the last 30 days, insiders have sold $456M worth of WTW shares and purchased $286.4K worth of WTW shares. The insider sentiment on Weight Watchers International has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Weight Watchers International, Inc. engages in the provision of weight management services. It operates through the following geographical segments: North America, United Kingdom, Continental Europe, and Other. The North America segment consists of United States and Canada Company-owned operations.
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