Aside from her television career, Oprah then made the headlines when she invested in “Weight Watchers”. The 50-Day Moving Average price is $6.48 and the 200 Day Moving Average price is recorded at $6.06.
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Brokerage firm Standpoint Research Downgrades its rating on Weight Watchers Intl(NYSE:WTW).
She will also receive the option to buy another five per cent of the company in due course but she has been blocked from selling any shares for at least two years to show that she has faith in the long-term prospects for the company. Finally, Morgan Stanley raised Weight Watchers worldwide from an “underweight” rating to an “equal weight” rating and set a $6.00 price target for the company in a report on Wednesday, August 19th. They noted that the move was a valuation call. The stock presently has a consensus rating of “Hold” and an average price target of $11.69.
Shares of Weight Watchers soared on the news of Winfrey’s $43.2 million investment, closing up 105 percent at $13.92 on Monday.
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As per The Celebrity Net Worth’s report, in just a few hours after Oprah publicly announced that she would be investing in “Weight Watchers”, its sales immediately increased. The company has a market cap of $388 million and the number of outstanding shares has been calculated to be 57,210,597 shares. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue was down 22.1% compared to the same quarter previous year. Weight Watchers global was the topic in 7 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The organization operates globally through a network of Company-owned and franchise operations. Weight Management Plans, supplies weight management application comprised of nutritional, exercise and behavioral tools and strategies. The Company provides Services and Products including: Weight Management Plans, Clinical Efficacy, and Meetings. Through WeightWatchers.com, the Company offers Internet subscription weight management products to consumers and maintains an interactive presence on the Internet for the Weight Watchers brand. The weight management program includes weekly meetings for group support and information on developing healthy eating and physical activity patterns. The company manages through Continental Europe, Uk, North America, as well as Other sections.
