China Lodging Group, Limited (NASDAQ:HTHT) declared a special dividend on Tuesday, October 24th, Wall Street Journal reports. Investors of record on Monday, December 4th will be given a dividend of 0.64 per share on Friday, December 22nd. The ex-dividend date of this dividend is Friday, December 1st.
China Lodging Group (NASDAQ:HTHT) opened at $109.92 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.41 and a quick ratio of 1.40. China Lodging Group has a 12-month low of $45.61 and a 12-month high of $142.80. The stock has a market cap of $7,436.45, a P/E ratio of 46.15 and a beta of 1.53.
China Lodging Group (NASDAQ:HTHT) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.36 billion. China Lodging Group had a net margin of 14.95% and a return on equity of 19.55%. The company’s quarterly revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.28 EPS. equities research analysts predict that China Lodging Group will post 3.19 earnings per share for the current year.
An institutional investor recently raised its position in China Lodging Group stock. State Street Corp grew its position in China Lodging Group, Limited (NASDAQ:HTHT) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,610 shares of the company’s stock after purchasing an additional 324 shares during the period. State Street Corp’s holdings in China Lodging Group were worth $1,824,000 at the end of the most recent reporting period. Institutional investors own 37.18% of the company’s stock.
Several brokerages recently issued reports on HTHT. Benchmark increased their target price on shares of China Lodging Group from $128.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Bank of America increased their target price on shares of China Lodging Group from $104.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research lowered shares of China Lodging Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $99.00.
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China Lodging Group Company Profile
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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