China Lodging Group (NASDAQ:HTHT) had its target price increased by Benchmark from $128.00 to $142.00 in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued reports about the company. Bank of America increased their price target on China Lodging Group from $104.00 to $115.00 and gave the company a buy rating in a research report on Friday, August 18th. Zacks Investment Research downgraded China Lodging Group from a strong-buy rating to a hold rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $99.00.
Shares of China Lodging Group (HTHT) opened at $107.53 on Wednesday. The company has a market capitalization of $7,436.45, a P/E ratio of 46.15, a PEG ratio of 1.45 and a beta of 1.55. China Lodging Group has a 52 week low of $45.61 and a 52 week high of $142.80. The company has a quick ratio of 1.48, a current ratio of 1.41 and a debt-to-equity ratio of 0.57.
China Lodging Group (NASDAQ:HTHT) last issued its quarterly earnings results on Tuesday, November 28th. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. China Lodging Group had a return on equity of 19.55% and a net margin of 14.95%. China Lodging Group’s revenue was up 33.8% on a year-over-year basis. During the same period last year, the business posted $4.28 earnings per share. equities research analysts predict that China Lodging Group will post 3.19 EPS for the current year.
The company also recently disclosed a special dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 4th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, December 1st.
A number of hedge funds and other institutional investors have recently made changes to their positions in HTHT. Advisor Group Inc. grew its holdings in China Lodging Group by 216.6% during the second quarter. Advisor Group Inc. now owns 1,298 shares of the company’s stock valued at $101,000 after purchasing an additional 888 shares during the period. Fieldpoint Private Securities LLC bought a new position in China Lodging Group during the third quarter valued at $115,000. Evanston Investments Inc. dba Evanston Advisors bought a new position in China Lodging Group during the second quarter valued at $218,000. Cambridge Investment Research Advisors Inc. bought a new position in China Lodging Group during the third quarter valued at $219,000. Finally, Reliance Trust Co. of Delaware bought a new position in China Lodging Group during the third quarter valued at $225,000. 37.14% of the stock is owned by institutional investors and hedge funds.
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About China Lodging Group
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
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