B. Riley reiterated their buy rating on shares of Hyatt (NYSE:H) in a research report report published on Friday, March 16th, Marketbeat Ratings reports. 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’s 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 brokerages have also commented on H. Raymond James Financial upgraded shares of Hyatt from a market perform rating to an outperform rating and set a $82.00 price objective on the stock in a report on Monday, January 8th. SunTrust Banks upped their price objective on shares of Hyatt to $80.00 and gave the stock a hold rating in a report on Tuesday, February 20th. Robert W. Baird restated a buy rating and issued a $84.00 price objective on shares of Hyatt in a report on Tuesday, January 9th. Wolfe Research upgraded shares of Hyatt from a market perform rating to an outperform rating in a report on Thursday, December 21st. Finally, Evercore ISI upgraded shares of Hyatt from an underperform rating to an in-line rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Hyatt presently has a consensus rating of Buy and an average price target of $80.69.
NYSE:H traded down $2.25 on Friday, hitting $74.91. The stock had a trading volume of 1,025,463 shares, compared to its average volume of 807,429. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market capitalization of $8,893.32, a price-to-earnings ratio of 42.08, a PEG ratio of 10.95 and a beta of 1.28. Hyatt has a 1-year low of $52.72 and a 1-year high of $83.02.
Hyatt (NYSE:H) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Hyatt had a net margin of 5.31% and a return on equity of 6.02%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.29 EPS. equities analysts anticipate that Hyatt will post 1.49 earnings per share for the current fiscal year.
Hyatt announced that its Board of Directors has approved a share buyback plan on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Wednesday, March 21st. Hyatt’s dividend payout ratio is presently 33.71%.
In other Hyatt news, insider Peter Fulton sold 4,300 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $80.10, for a total value of $344,430.00. Following the sale, the insider now directly owns 22,066 shares of the company’s stock, valued at approximately $1,767,486.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Maryam Banikarim sold 4,992 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $80.17, for a total transaction of $400,208.64. Following the completion of the sale, the insider now directly owns 23,840 shares in the company, valued at $1,911,252.80. The disclosure for this sale can be found here. Corporate insiders own 27.51% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of H. NorthCoast Asset Management LLC acquired a new stake in Hyatt during the 3rd quarter worth $1,139,000. California Public Employees Retirement System boosted its stake in Hyatt by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 102,716 shares of the company’s stock worth $6,347,000 after purchasing an additional 4,816 shares during the period. JPMorgan Chase & Co. boosted its stake in Hyatt by 729.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,672 shares of the company’s stock worth $2,876,000 after purchasing an additional 41,047 shares during the period. Deutsche Bank AG boosted its stake in Hyatt by 4.5% during the 4th quarter. Deutsche Bank AG now owns 937,072 shares of the company’s stock worth $68,911,000 after purchasing an additional 40,668 shares during the period. Finally, First Quadrant L P CA boosted its stake in Hyatt by 3.4% during the 4th quarter. First Quadrant L P CA now owns 424,041 shares of the company’s stock worth $31,184,000 after purchasing an additional 14,100 shares during the period. 39.19% of the stock is currently owned by hedge funds and other institutional investors.
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Hyatt Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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