B. Riley reiterated their buy rating on shares of Hyatt Hotels (NYSE:H) in a research report report published on Friday. They currently have a $84.00 price target on the stock, up from their prior price target of $80.00. B. Riley also issued estimates for Hyatt Hotels’ Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.44 EPS and FY2020 earnings at $1.90 EPS.
Several other equities analysts also recently weighed in on H. Zacks Investment Research upgraded shares of Hyatt Hotels from a hold rating to a strong-buy rating and set a $88.00 target price for the company in a report on Wednesday, January 10th. Robert W. Baird set a $78.00 price target on shares of Hyatt Hotels and gave the stock a buy rating in a report on Friday, December 15th. Morgan Stanley lifted their price target on shares of Hyatt Hotels from $81.00 to $82.00 and gave the stock an equal weight rating in a report on Friday, February 16th. Stifel Nicolaus reissued a hold rating and issued a $78.00 target price on shares of Hyatt Hotels in a research report on Thursday, February 1st. Finally, Wolfe Research raised shares of Hyatt Hotels from a market perform rating to an outperform rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Hyatt Hotels currently has an average rating of Hold and a consensus target price of $80.69.
Shares of Hyatt Hotels (NYSE:H) traded down $0.99 during mid-day trading on Friday, hitting $79.98. 821,961 shares of the stock traded hands, compared to its average volume of 912,079. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.37. Hyatt Hotels has a 52-week low of $51.62 and a 52-week high of $83.02. The firm has a market cap of $9,612.76, a price-to-earnings ratio of 40.60, a P/E/G ratio of 11.68 and a beta of 1.31.
Hyatt Hotels (NYSE:H) last issued its earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Hyatt Hotels had a net margin of 5.31% and a return on equity of 6.02%. During the same quarter in the prior year, the business posted $0.29 EPS. analysts forecast that Hyatt Hotels will post 1.51 EPS for the current fiscal year.
Hyatt Hotels announced that its Board of Directors has authorized a share buyback plan on Thursday, December 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, March 21st.
In related news, insider Peter Fulton sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $80.10, for a total value of $344,430.00. Following the completion of the sale, the insider now owns 22,066 shares of the company’s stock, valued at approximately $1,767,486.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Maryam Banikarim sold 4,992 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $80.17, for a total value of $400,208.64. Following the completion of the sale, the insider now directly owns 23,840 shares of the company’s stock, valued at approximately $1,911,252.80. The disclosure for this sale can be found here. 27.51% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Hyatt Hotels by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after purchasing an additional 272 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Hyatt Hotels by 3.9% in the third quarter. Victory Capital Management Inc. now owns 32,043 shares of the company’s stock valued at $1,980,000 after buying an additional 1,190 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of Hyatt Hotels by 41.2% in the third quarter. State of Wisconsin Investment Board now owns 9,477 shares of the company’s stock valued at $586,000 after buying an additional 2,765 shares in the last quarter. Prudential Financial Inc. bought a new position in Hyatt Hotels in the third quarter valued at about $212,000. Finally, Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 19.1% in the third quarter. Principal Financial Group Inc. now owns 6,918 shares of the company’s stock valued at $427,000 after acquiring an additional 1,107 shares during the last quarter. 39.20% of the stock is owned by institutional investors.
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About Hyatt Hotels
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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